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Wheat markets took a breather in the latest week as large importers stayed away and stockpiling eased. Russia said its April-June 7m tonne export quota is sold, Ukraine has exported 18.8m of its 20.2m tonne limit, and EU soft wheat exports reached 27.97m tonnes.
Rain has fallen across most major growing areas, and attention is shifting to the new Northern Hemisphere crop.
Tight old-crop supplies in Europe and the Black Sea, with quotas nearly exhausted, support nearby wheat prices even as buying slows.
czapp.comJolyon HobbyApr 30, 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.
