Loading…
US wheat futures continue to test contract lows after bearish USDA data, with fund managers extending short positions. EU wheat prices eased on slow exports and a weaker dollar, and an Egyptian court reinstated zero tolerance for ergot in wheat imports.
Continued selling pressure and weak export demand point to lower wheat values for feed buyers, while Egypt's ergot ruling adds import cost uncertainty. The bearish tone suggests limited near-term price support.
farming.co.ukNov 17, 2017Not 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.
