Wheat markets have continued to push higher today with May Chicago wheat making new contract highs, pushing above the previous November highs.
Paris milling wheat has also pushed higher, and while not making contract highs, is back near the last November highs while UK feed wheat has so far failed to record the same gains.
Rapeseed has also found support. Catch up on our weekly oilseed report on GrainTab.
While wheat and rapeseed have continued to push higher, corn and crude have had a less exciting day. Tomorrow will be the start of the 98th USDA Annual Agricultural Outlook Forum, with early area projections for 2022/23. With elevated wheat, corn and now soybean markets, projections and the USDA’s view on which crop has been incentivised will make interesting reading.