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European wheat prices fell about $10/t on the week, tracking a global decline, and the Chicago new-crop contract hit a two-year low. Egypt's tender of 180,000 tonnes went mostly to France, with smaller shares for Romania, Ukraine and Russia.
Falling European and Chicago wheat prices reflect weak export demand for non-Russian origins and pressure from trade longs, which keeps feed wheat values under pressure.
farming.co.ukFeb 22, 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.
