Loading…
Gleadell's market report says fund long positions exited corn and soybeans after US crop ratings improved. Corn had shed $15/t since its June 15 high, and MATIF wheat fell €10/t.
UK LIFFE wheat fell £6/t as sterling moved on Brexit polls.
Improved US crop ratings and fund liquidation lower corn and soybean values, which feed buyers track closely. Weaker European wheat and sterling volatility also shape import costs.
farming.co.ukJun 23, 2016Not 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.
