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U.S. wheat export prices and CBOT, KCBT and MGEX futures fell between late January and mid-March 2020, with SRW futures down 12% and HRW down 11%. The article says the COVID-19 pandemic has added further pressure to U.S. wheat futures and export prices.
Lower futures and FOB export prices make U.S. wheat cheaper as a feed ingredient, while weak global demand expectations keep pressure on the complex.
texaswheat.orgadminstudionumaMar 20, 2020
uswheat.orgMar 18, 2020Not 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.
