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Chicago, KC and Minneapolis wheat, Chicago corn and soybeans, MATIF wheat, and Winnipeg canola all closed firmer on August 14, 2020. Brent crude fell US$0.47 to $44.96 a barrel.
Traders attributed the rally to export sales and the possibility of lower US acreage, with the US/China trade talks ahead.
Routine price moves across grains give buyers a read on the market, but the cited causes are general and do not change the supply outlook. Lower crude prices slightly weigh on biofuel-linked demand.
graincentral.comGuest AuthorAug 14, 2020Not 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.
