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Chicago May wheat fell 3.6% to the lowest spot level since August 2020 after Algeria's OAIC reportedly bought about 900,000 tons of Black Sea wheat at roughly $227-228 per ton, well below its prior January tender. Paris and London feed wheat also declined.
Low Black Sea export prices set a competitive floor that pressures world wheat values and feed wheat prices in Europe and the UK.
ukragroconsult.comMar 11, 2024Not 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.
