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Chicago wheat futures were headed for their biggest weekly decline since early September, pressured by competition from the Black Sea region and higher Chinese output. The IGC raised its 2018/19 world wheat production forecast to 728.8 million tonnes, though still below last season's 767.1 million.
Larger Russian supplies and a stronger dollar weigh on US wheat export competitiveness, pushing prices lower, though analysts expect supplies to tighten next year.
internationalmilling.comRoger GilbertOct 26, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
