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Pro Farmer's outlook for January 23 reported March SRW wheat up 14 cents to $5.29 1/2 and HRW up 15 cents to $5.40 3/4 on short covering and bargain buying after USDA reported weekly wheat sales of 618,100 MT. Traders were watching a major Plains winter storm for possible winterkill risk.
Strong export sales and winter-storm risk to winter wheat support prices, though the outlook is largely a routine price summary.
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.