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Grain markets in the week ending March 9, 2018 were shaped by the USDA March WASDE report, several export sales announcements, and a sharp soybean price drop. Trade uncertainty grew after proposed US steel and aluminum tariffs and the resignation of White House economic adviser Gary Cohn.
Soybeans tested key support while corn and wheat also slipped ahead of the USDA report.
Tariff uncertainty and weak Chinese buying of US soybeans weigh on soybean prices and make export demand harder to predict. Feed buyers face softer soybean meal and feed grain costs in the near term.
farmprogress.comMar 10, 2018Not 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.
