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CBOT grain futures commentary for August 30 notes wheat higher in all three markets on stable Russian and European prices and harvest wrap-up. It also cites dry weather in Eastern Europe and Russia and excess rain in France and Germany, with support and resistance levels listed.
Weather risk across Russia and Europe supports wheat prices, though the US and Canadian crop outlook limits the upside.
feedlotmagazine.comSource Jack ScovilleAug 30, 2024Not 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.
