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September Kansas City hard red winter wheat futures settled at 656½, a new low settlement since their September 1 peak. The September-December spread also set a new low at -15½ and has not settled above its 14-day or 21-day moving averages since September 11.
The continued decline signals weak price momentum in hard red winter wheat, though the article offers no new supply or demand driver. It describes routine market conditions rather than a standalone catalyst for a substantial move.
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.