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Analyst commentary says harvest is nearly complete for major crops, with market attention shifting to export demand, policy and 2018 plans. Spring wheat futures have traded sideways in a 20-cent range for most of October, and global wheat supplies are large.
Currency moves are increasingly driving export sales.
Large global wheat supplies and weak export demand cap upside, so prices are expected to stay range-bound. Weather in Australia is the main potential source of support.
agweek.comAlex Norton, Beeson Inc.Oct 29, 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.
