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Daily market wrap shows US wheat up about 2% on the 2nd-poorest winter wheat rating on record, with Chicago December wheat up 11.75c to 570.5c. Brent crude fell 6%, while soybeans dropped and corn gained slightly.
Rain forecast for the Southern Plains is expected to improve conditions.
Poor HRW crop ratings support wheat, but expected rain may limit the rally, and lower crude weighs on vegoil and soy complex sentiment.
graincentral.comGuest AuthorOct 29, 2024Not 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.
