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Saturday, November 28, 2020

Arid weather in U.S. plains could push wheat prices higher.

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Recent precipitation in the Midwest wasn’t enough to quell an extended drought affecting U.S. winter wheat prices. The USDA predicts dry conditions to persist across Texas, Oklahoma, Kansas, Colorado and Nebraska, which account for the bulk of U.S. wheat production. Insights via @CME Group: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights

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