IEG Vu Prices Briefing: Wheat volatile, SMP slumps, Brazilian beef rebounds
Wheat rose to 10-month highs last week on borrowed strength from corn, support which faded at the end of the week. SMP prices were down globally just as the EU's intervention fund dried up. Brazilian beef prices responded well to a reopening of the China market, and cocoa prices found support from polict changes in the Ivory Coast. Indian guar gum prices and skipjack raw material prices both trended lower.