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Chicago, Minneapolis and Kansas City wheat futures all fell in the week to February 14, with Chicago down 16 cents. Russian FOB offers dropped $9/MT over two weeks, and Egypt bought 360 TMT of wheat from Russia and Romania at $239/MT delivered.
Lower Russian export offers set world wheat prices and pull US futures down, while uncertainty over China's US wheat purchases weighs on demand.
agriculture.comLouise GartnerFeb 18, 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.
