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Black Sea wheat fob bids fell in June, with Black Sea milling wheat dropping from $211 to $197 per tonne, the largest decline among origins. USDA says Black Sea supplies are competitively priced and likely to support a fast start to the export season.
Lower-priced Black Sea wheat increases competition in export markets and tends to cap prices from other origins during the early marketing year.
graincentral.comGrain CentralJul 15, 2019After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
