People are also reading…
The Hightower Report said, “The wheat market traded nearly 20 cents lower after the announcement of the reopening of the Strait of Hormuz this morning and finished 6-8 cents lower.” Amanda Brill at Total Farm Marketing said, “Wheat found support in persistent drought and a forecast for frost raised concerns about crop damage in the U.S. Plains, a key region for hard red winter wheat production. Weather models also suggest some potential rain relief later in the month in the western Plains, while near-term frost risk continues to support prices.”
