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Kansas wheat harvest produced higher protein levels than usual, averaging 12 to 14 percent with some loads at 15 percent. Elevators can blend high-protein wheat with lower-protein carryover stock to meet mill demand.
The article notes the USDA earlier estimated record global wheat carryover.
High-protein Kansas supply offers modest support for HRW prices, but large global carryover keeps overall wheat price pressure low.
hutchnews.comJul 26, 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.
