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CBOT July soft red winter wheat settled down 3.75 cents at $5.11-1/2 and KC July HRW fell 0.75 cent to $4.60-1/2 on June 8. Harvest pressure across the southern Plains and a firmer dollar weighed on US wheat, while Coceral cut EU and UK soft wheat forecasts to 129.7 million tonnes.
Harvest pressure and a stronger dollar make US wheat less competitive, while lower EU crop estimates provide some underlying support.
brecorder.comReutersJun 8, 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.
