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DTN reported its national cash SRW wheat index rose 18 cents to $4.89, near 2018 highs, while the cash corn index gained 15 cents to $3.26. Milling wheat prices in France hit three-year highs and USDA projected the lowest exportable wheat supplies since 2012-13.
Tight exportable wheat supplies and strong European milling prices support wheat, and the corn rebound adds upside to feed costs.
dtnpf.comTodd HultmanJul 23, 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.
