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CBOT wheat, Kansas wheat, corn and soybeans all closed higher on Friday. Wheat strength came from fund buying, Canadian area above expectations, and concerns over Australian and Russian production.
Brazil's second-driest April on record is pressuring its safrinha corn crop.
Fund buying and production worries in Australia and Russia support wheat, while Brazil's dry April adds risk to second-crop corn. Together these lift feed grain prices.
graincentral.comGuest AuthorApr 29, 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.
Reports wheat closing higher on fund buying, a larger-than-expected Canadian area and Australian and Russian production worries, which supported momentum going into the April 30 session.
