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CBOT wheat, Kansas wheat and corn closed lower overnight while soybeans rose slightly. Wheat's earlier rally on reports of frost damage in HRW areas faded as open interest fell, implying short covering.
Old-crop US wheat export sales came in well above expectations at 297kmt, while corn sales were weak after cancellations.
Wheat and corn fell as the market unwound speculative short-covering rallies, with export data mixed. Soybean strength suggests firmer oilseed support for meal values.
graincentral.comHenry WellsApr 26, 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.
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.
