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Wheat, corn and soybean futures moved lower overnight, with SRW wheat down 3 cents and corn down 3/4 cent. Year-to-date, nearby SRW wheat is down 11.9%, corn is down 6.8%, and soybeans are down 2.3%.
These are routine daily price moves without a new fundamental cause, so they give little direction for feed buyers beyond the existing trend. Brazil's showers are expected to support safrinha planting.
totalfarmmarketing.comADM Investor Services, Inc.Mar 21, 2023Not 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.
