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Grain futures fell on November 16, 2016, with CBOT wheat down 2 cents and corn down 2.75 cents. Soybeans fell 3.75 cents while Winnipeg canola rose.
Algeria bought 580,000 tonnes of wheat around $201 C&F, and Black Sea prices held firm.
Routine daily moves with mixed drivers, including Algerian demand and firm Black Sea values. The Algerian purchase supports wheat export parity, though broad weakness persists.
graincentral.comGuest AuthorNov 16, 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.
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.
