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Reuters reports that U.S. bakers and farmers are struggling with a shortage of high-protein hard wheat after two years of poor U.S. harvests, even as the global wheat market is well supplied. The shortage affects the $23 billion U.S. bread market.
Tight supply of high-protein hard wheat supports premiums for quality milling wheat while the broader wheat complex stays under pressure from global glut, so feed buyers face split pricing between milling and feed grades.
reuters.comRod NickelDec 11, 2017Not 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.
