Loading…
Wheat rallied across Chicago SRW, Kansas HRW and Minneapolis spring wheat as the US dollar index fell 1.443 points. Weekly US wheat export inspections totaled 261,786 MT, down 12.5% week on week but up 23.83% year to date.
The European Commission cut its EU wheat export estimate to 11.74 MMT, down 6.75 MMT from last year.
A weaker dollar and lower EU export supplies support wheat prices, while steady US export demand and Japanese tenders reinforce demand for US and other origin wheat.
ibestmedia.comJan 22, 2025Not 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.
