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Most-active CBOT wheat settled at $7.29 per bushel on Tuesday after hitting a 14-month low, and world wheat futures were falling. Euronext wheat for March delivery slipped below 300 euros per tonne for the first time since early March.
Cheaper Black Sea supplies keep export competition intense, pressuring wheat prices and weakening feed-grain alternatives' value relative to wheat.
reuters.comKaren BraunDec 7, 2022Not 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.
