Loading…
Firstgrain's Milo Hamilton said farm-gate grain prices have declined since 2014 while input costs such as crude oil have risen. He suggested wheat could lead rice out of its slump and that food grain prices might bottom by October, noting China holds large shares of world rice and other grain stocks.
Hamilton's view that rice may follow wheat higher hints at a possible price floor, but large Chinese stocks cap upside, so the outlook is mixed.
farmprogress.comForrest LawsJul 24, 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.
