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A World Grain review says the global wheat market is well supplied, though weather has raised quality concerns in key producing regions. It cites dry, warm conditions in the northern hemisphere, weak U.S. spring wheat ratings, and IGC reports of generally weak world export prices.
Ample global supply caps wheat price rallies, while weather-driven quality worries in the US, Canada and EU create occasional spikes. Feed buyers face a market with limited upside despite localized weather risk.
world-grain.comChris LyddonJul 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.
