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Wheat futures lost 4.5% to 5.5% on technical selling after favorable weather forecasts and wheat harvest progress. Corn fell more than 3% and soybeans slipped over 1%.
Crude oil rose to $110 per barrel while the dollar softened moderately.
Harvest progress and benign weather drive grain selling, while elevated crude oil supports biofuel-linked demand and feed cost expectations.
theseam.comJun 21, 2022Not 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.
