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The DTN National SRW cash wheat index closed at $3.94 3/4, down 10 cents for the week, while the July 2017 Chicago contract settled at $4.62. HRW cash fell 9 1/4 cents to $3.56 1/2 and July Kansas City closed at $4.78 1/2.
Analysts describe the intermediate-term cash trend as down.
Lower cash and new-crop wheat prices reflect ample global supply, which keeps pressure on feed wheat values relative to corn and barley for feed buyers.
dtnpf.comDarin NewsomFeb 26, 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.
