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Grain futures fell for another week after the February WASDE confirmed ample global supplies, with the market already expecting negative numbers. Prices kept sliding after the report, and attention is turning to South American weather and a large speculative net short position.
Ample global supply keeps grain prices under pressure, though a short-covering rally could occur if South American production falls.
czapp.comAlberto CarmonaFeb 13, 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.
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.
