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Global wheat prices were range-bound during the week, with US wheat down $2/t on favourable spring planting weather. Dryness across northern EU and southern Russia kept some support, and UK new-crop futures rose £2.50/t.
Russia's 2020 grain harvest is expected near 120 Mt, slightly below last year.
Mixed signals leave wheat broadly steady, but EU and UK dryness could firm feed grain prices and raise compound feed costs if grass growth is hit.
farming.co.ukMay 29, 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.
