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Wheat fell more than 4% in Chicago and 2% on Euronext during the week after Black Sea shipments increased. Corn rallied briefly on dry Brazilian weather before selling off as US harvest pace quickened, with US corn 88% harvested.
Heavier Black Sea wheat supply pressures wheat prices lower, while Brazilian dryness offers only temporary support to corn.
czapp.comAlberto CarmonaNov 21, 2023Not 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.
