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Market analyst Darin Newsom said soft white wheat has the best chance of higher prices among US classes, with projected ending stocks of 49 million bushels versus 87 million a year earlier. Soft white wheat is holding at $5.40 to $5.50 per bushel on good demand.
Tighter white wheat stocks support local prices, but overall wheat faces demand pressure from record corn and soybean supplies, so the upside is limited.
capitalpress.comMATTHEW WEAVERCapital PressFeb 20, 2019Not 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.
