Loading…
Chicago wheat fell after speculative buying stopped, while Kansas and Minneapolis wheat rose on reduced Argentine and Australian output. Russia and Kazakhstan completed harvests confirming record crops, with Russia reporting 81.2 million tons at 3.36 t/ha.
Record Black Sea and Russian supplies weigh on European and global wheat prices, while lower Southern Hemisphere output supports some US classes.
graintrade.com.uaSep 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.
Directly dated to the move: Chicago wheat fell as speculative buying stopped and record Russian and Kazakh harvests (Russia 81.2 mt) pressured SRW via heavy global export supply.
On Sept 25 Chicago wheat fell as speculative buying stopped and record Russian and Kazakh harvests added to global supply pressure.
