Loading…
The wheat market has swung sharply in 2020, crashing in January on the coronavirus, rebounding in March on panic buying and food-security measures, then easing in recent weeks. EU wheat exports for 2019/20 reached 24.78m tonnes against 14.94m a year earlier, and concerns are growing over the Northern Hemisphere crop and possible workforce absenteeism disrupting supply chains.
Labour-related logistics risks and strong EU export pace support wheat prices, though the lack of new panic buying limits near-term upside.
czapp.comJolyon HobbyApr 9, 2020Not 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.
