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CBOT wheat, Kansas wheat and European milling wheat futures printed fresh contract lows, with wheat down about 8 cents and corn down 3 cents on the day. Russian export prices and higher Russian production estimates of 81-88 Mt weighed on the market, while Ohio corn yields from a crop tour came in above the three-year average.
Soybeans and canola rose.
Heavy Russian export supply and expected harvest selling keep wheat under pressure, which lowers feed grain costs for buyers. Corn weakness reflects good crop prospects and fund selling.
graincentral.comGuest AuthorAug 22, 2017graincentral.comGuest AuthorAug 23, 2017Not 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.
