Loading…
CME Group reports Black Sea wheat futures have become a regional price benchmark alongside Chicago and KC. September 2020 Black Sea premiums over KC futures reached about $37 per tonne, the highest since October 2019 and up over 100% since February.
A widening Black Sea premium over US wheat signals tighter Black Sea supply or stronger export demand, supporting world wheat prices and US export competitiveness.
cmegroup.comJul 17, 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.
