CBOT wheat futures opened higher on Sept. 30 after a six-week low in the previous session, with December SRW up about 6 cents and KC HRW up about 7 cents.
Traders repositioned ahead of USDA quarterly stocks and small grains reports, and Reuters analysts expected a slightly smaller US wheat crop estimate.
The gain reflects pre-report positioning rather than a new supply shock, so near-term prices depend on the USDA numbers and on lower Russian export forecasts from SovEcon.
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.