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Chicago SRW wheat fell about 32 cents to close down 5.5% on the week, and Kansas City HRW dropped nearly 40 cents, as rains fell across U.S. winter wheat areas. Minneapolis spring wheat lost 25 to 30 cents.
StatsCan reported July 31 wheat stocks of 6.2 million tonnes, 10% below a year earlier.
Rain in U.S. winter wheat areas and harvest pressure from Canada weigh on wheat values, while lower Canadian stocks give some support.
realagriculture.comBrennan TurnerSep 8, 2018Not 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.
