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Wheat markets were weak on March 6, 2020, with SRW wheat down 1 cent in Chicago at $5.20 per bushel and Black Sea wheat down $0.25 at $211.25/mt. EU wheat rose in Paris, while French, Rhine and Hamburg spot milling wheat fell.
Good field supplies in France and Germany reduced mill stock-up demand.
Ample crops in Russia, India and Australia and reduced European buying interest point to lower wheat prices for feed buyers.
czapp.comJolyon HobbyMar 27, 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.
