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Gulf SRW export prices rose 16% between June 26 and July 17 to $239/MT. Planted SRW area fell 13% in Illinois and 12% in Missouri, and export elevation capacity is being competed for by surging soybean and corn exports.
Tight Mississippi-area SRW supplies and limited Gulf elevator space support export wheat prices, which lifts feed wheat values relative to corn.
uswheat.orgJul 21, 2020Not enough comparable past events yet for a historical read.
Not 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.
