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US wheat export sales are 9% higher than last year, with HRW sales up 38%. USDA projects 2019/20 US wheat exports 1.5% higher, though lower protein levels in the 2019 HRW crop raise questions about demand.
Competitive US HRW pricing against Black Sea wheat supports export demand and may tighten US wheat supplies available for feed use. Lower protein content could limit sales to premium buyers.
farmprogress.comKim AndersonDec 7, 2019After 102 past bullish trade events, Wheat (HRW) moved a median 0.0% over 5 sessions (49% higher; middle half -2.0% to +3.5%), and -1.4% over 20.
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.
