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FarmLink analyst Neil Townsend says abundant world wheat supplies are pressuring prices this summer. He expects demand to pick up from November through April and forecasts wheat gains of 40 to 50 cents a bushel over the winter.
Analyst expectations of a winter rally may encourage farmers to hold wheat, tightening near-term deliverable supply while the harvest-time pressure persists.
620ckrm.comHarvard MediaAug 31, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
