Loading…
US wheat futures had risen to 2- and 3-year highs earlier in summer after sharply lower US production but have since fallen on a growing 2017/18 supply. USDA estimates 2017/18 SRW supply at 14.2 MMT, and HRW output is forecast to fall 30 percent.
Protein premiums are widening as higher-protein supplies tighten.
Lower futures and wide protein premiums give importers a chance to buy cheaper wheat, while tight high-protein supply keeps premiums firm for specialty buyers.
uswheat.orgAug 24, 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.
