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Ukrainian market commentary reports that a four-day rally in French wheat ended on Wednesday as US weather concerns lost influence. Russia's spring wheat planting reached 88.9% with favorable weather supporting record production forecasts.
Chicago and Kansas City wheat futures fell on profit-taking after an early rise on a USDA report of weaker US winter wheat condition.
Profit-taking after the rally and a favorable Russian crop outlook point to continued pressure on world wheat prices, with US crop condition the main upside risk.
graintrade.com.uaMay 30, 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.
