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LIFFE November wheat rose to £163 per tonne on June 29 from £154.75 on June 19, and MATIF December wheat reached €181.75 by June 29. The gains followed USDA's cut to its Russian wheat crop estimate to 68.5 million tonnes and drought-reduced Texas and Kansas harvest quality.
European and Black Sea supply concerns are lifting feed wheat prices, making wheat a more expensive feed ingredient for buyers.
agriland.ieSiobhán WalshJun 30, 2018Not 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.
