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Overnight, CBOT and Kansas wheat posted slight gains while corn and soybeans fell modestly. GASC bought 180,000 tonnes of Russian wheat at about $199 FOB, and Japan tendered for US and Canadian wheat.
Low Mississippi river levels are holding up barges and creating a freight backlog for mid-harvest US corn and soybean farmers.
Low river levels raise barge freight costs and delay grain movement, which can widen basis and weigh on farm-gate prices for corn and soybeans.
graincentral.comGuest AuthorOct 3, 2017Not 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.
