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The Minneapolis spring wheat premium over Kansas City winter wheat reached about $1.18 a bushel on May 18, a historically wide spread. Analysts attribute it to poor quality concerns after a spring snowfall and rain in Kansas, plus Canadian seeding delays.
Protein concerns and short-covering by millers lift higher-protein spring wheat relative to HRW, which raises the cost of quality wheat for feed and milling buyers. The spread may widen further into summer.
producer.comPhil Franz-WarkentinMay 25, 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.
