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Wheat prices kept falling over the past week on favourable crop weather worldwide and funds going short. Northern Hemisphere harvest has begun, with mixed yields in US HRW and SRW areas, and Egypt bought 240,000 tonnes in a tender.
Harvest pressure and record global stocks weigh on prices, though returning buyer tenders such as Egypt's could limit downside.
czapp.comJolyon HobbyJun 19, 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.
