
CBOT wheat futures edged lower on Friday and posted a ninth straight weekly loss, with the most-active contract down more than 23% over nine weeks. Corn also fell for a fifth consecutive week on growing US harvest supplies and fund liquidation, while soybeans ended mixed.
Prospects of larger Russian wheat exports and record fund short positions keep pressure on wheat prices, which lowers feed-grain costs for buyers. Corn's weakness from harvest supplies points to continued cheap feed grain near term.
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.