Loading…
Chicago, Kansas City and Minneapolis wheat futures fell after a brief speculative spike, while Black Sea and European wheat prices held steady. Buyer demand was weak, with Jordan buying 60,000 tonnes at about $239/t CFR, and Russian 12.5% protein wheat was offered at $210/t FOB.
Weak import demand and ample Black Sea offers cap export prices, suggesting the wheat rally is losing momentum and feed wheat supplies remain well covered.
graintrade.com.uaNov 28, 2019Not 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.
