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On September 13, 2021, Chicago December wheat fell 3.75 cents to 688.5 cents, while corn rose 7.5 cents to 517.5 cents and soybeans gained 16 cents. Wheat was pressured by a mostly neutral USDA report that trimmed US carryout.
The Dow fell 271 points.
Corn and soybean gains raise feed costs, while the wheat decline reflects limited near-term demand pull ahead of the September USDA report.
graincentral.comGuest AuthorSep 12, 2021Not 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.
The Sept 13 market wire says Chicago December wheat fell 3.75 cents that day after a neutral USDA report, so it describes the move date but points to a decline, which makes the sign and size of the 3.04% move unclear.
