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New Zealand grain prices are expected to stay under pressure from imported grain values in the short term. The article notes delayed US spring wheat planting, better Black Sea winter wheat conditions, and dry weather in parts of Europe.
Stronger Black Sea and Australian crop prospects keep offshore wheat values capped, which weighs on import-parity prices. Dry conditions in Europe are a possible upside risk that buyers should watch.
farmersweekly.co.nzRichard RennieMay 3, 2017Not 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.
