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Wheat markets are shifting focus to Canadian and Australian crops, with CBOT wheat at new contract lows. Europe faces quality problems from late rains damaging high-protein German wheat, and the US spring wheat crop failed.
Analysts say the large Russian crop may face logistical limits on export supply.
Quality concerns in the EU and US plus possible Canadian and Australian shortfalls could firm high-protein wheat prices, while a corn harvest under way may keep wheat under feed-competition pressure.
theland.com.auMalcolm Bartholomaeus, Bartholomaeus ConsultingAug 27, 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.
