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Lachstock Consulting reports US wheat futures in Chicago, Kansas City and Minneapolis at or near contract lows, with a record KC managed money short of 72.2k contracts. Russian cash prices were largely unchanged while Western Australia cut its wheat area forecast on dryness.
French wheat ratings remain stable and above last year.
Heavy fund shorts and expanding HRW output keep US wheat prices depressed, while dryness in Western Australia offers only limited support given stable Black Sea and EU supplies.
graincentral.comGuest AuthorMay 11, 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.
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.
