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Sask Wheat's weekly outlook from Exceed Grain Marketing and A.P. Temple Consulting, dated August 26, 2019, reviews world wheat cash prices and harvest seasonality.
It notes that Russian wheat has become cheaper relative to other origins this year, unlike last year.
Russian wheat trading at a discount to other origins can pull export demand away from North American and European wheat, weighing on world wheat prices. Feed buyers may find cheaper Russian wheat an attractive alternative to corn.
saskwheat.caAug 26, 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.
