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US wheat futures climbed over the past week, with CBOT soft wheat posting the largest gains, and May Chicago wheat rose about 80 cents off its lows to trade above $5.70 per bushel. Support came from pandemic-driven retail demand for pasta and flour, stimulus measures, and production problems in France and the Black Sea region.
Production issues in France and the Black Sea combined with strong retail demand support wheat prices, while a stronger dollar could weigh on US grain export competitiveness.
grainews.caPhil Franz-Warkentin, GFM Network NewsMar 26, 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.
