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Wheat, corn and Kansas wheat fell on the session, while soybeans and Winnipeg canola rose. Saudi Arabia's grain buying agency tendered for 490,000 t of mid-protein wheat for October-December shipment.
Funds were noted as major sellers in wheat.
The Saudi tender supports some wheat demand, but heavy harvest supplies in Russia, the US and Europe limit price gains. Better export sales and Chinese soybean buying are supporting beans.
graincentral.comGuest AuthorAug 17, 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.
Prior-session weakness with funds noted as major sellers in wheat points to momentum and fund liquidation that carried into the 21 August decline.
