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Wheat has seen more price support than most commodities during the pandemic, with KC July wheat rallying last week and continuing through the current week. A large weekly export sales report showed strong buying, led by China, while retail demand for pasta, bread and frozen foods surged.
Export demand from China and short-term speculative buying support KC wheat prices, though the advisor notes the rally may be technical and short-lived.
agrilife.orgjustin.benavidezMar 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.
