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CBOT, KC and Minneapolis wheat closed higher on recovery buying after oversold conditions. Spring wheat in the northern Plains and Canada is dry, while rain is forecast for the northern Plains and Midwest.
Export demand for US wheat has been poor and world wheat demand weak.
Weak export demand and ample supply cap wheat rallies, so recovery moves are likely to be limited unless dryness in spring wheat areas deepens.
blog.pricegroup.comJack ScovilleMay 14, 2025blog.pricegroup.comJack ScovilleMay 16, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
