Platts MWM-CWRS spread widens to 10-month high on futures rally

The Platts wheat benchmark, Milling Wheat Marker, spread over Canadian Western Red Spring wheat has widened to a 10-month high of $51/metric ton on May 12, as futures volatility and currency weakness have pressured Canadian wheat prices relative to global benchmarks. Platts is part of S&P Global Energy. The gap has steadily widened since March, driven primarily by futures price movements ratherThe Platts wheat benchmark, Milling Wheat Marker, spread over Canadian Western Red Spring wheat has widened to a 10-month high of $51/metric ton on May 12, as futures volatility and currency weakness have pressured Canadian wheat prices relative to global benchmarks. Platts is part of S&P Global Energy. The gap has steadily widened since March, driven primarily by futures price movements ratherRead More