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Wheat and corn rose on a weaker dollar, short covering and technical buying, with rain and flooding reported in the US Plains and drier conditions expected for Brazil's second corn crop. USDA data showed 13% of US corn planted versus 8% five-year average, and 57% of winter wheat rated good to excellent.
A weaker dollar and dry Brazilian safrinha conditions could limit Brazil's corn exports, supporting corn and feed grain prices, while wheat remains fundamentally bearish.
brownfieldagnews.comJohn PerkinsApr 18, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
