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Washington State University economist Randy Fortenbery says wheat prices may be near bottom but could fall further if exports keep lagging. He notes White wheat trades at $4.43 to $4.80 per bushel in Portland and cites cost-of-production estimates for growers.
Lagging exports leave limited room for price recovery, keeping wheat feed values under pressure in the short run.
capitalpress.comMatthew WeaverApr 10, 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.
