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Weekly market summary reports wheat prices rallied sharply since early April, while May corn gained 1.5% for the week on planting delay concerns. Corn export bookings rebounded to over 1.3 MMT, ethanol output fell, and Argentina's corn condition rating declined.
Wheat's strong rally adds pressure on feed buyers, while corn support from planting delay fears and firm export demand keeps corn prices supported.
agweb.comAlan BruglerApr 26, 2024Not 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.
