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CBOT July wheat fell 9.75 cents to $4.8975/bu in Monday morning trade as the US winter wheat harvest accelerated. About 14 percent of the US winter wheat crop had been harvested by the prior week, helped by dry weather in the southern Plains.
July corn was down 5.5 cents, while soybeans were slightly higher.
Faster harvest progress adds near-term selling pressure on wheat and spills over to corn. Feed buyers may see softer cash grain bids during harvest, with little change in the longer-term supply picture.
xinhuanet.comJun 18, 2018Not 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.
