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Wheat futures traded lower midday on Tuesday, with Chicago SRW, Kansas HRW and Minneapolis spring wheat all down. The Kansas winter wheat rating fell 4 points to 52% good/excellent, and EU production was estimated at 142.6 MMT.
Routine daily moves with modest fundamental news; the weaker tone reflects profit-taking rather than a new supply shock for feed buyers.
business.sherbrookerecord.comBarchart.comMay 25, 2018business.sherbrookerecord.comBarchart.comMay 25, 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.
