Loading…
Chicago wheat rose about 1% on June 1 after hitting its lowest since December 2020 the prior session, helped by bargain buying and rain damage to China's wheat crop. Soybeans and corn also gained on forecast dryness for the US Midwest.
Ukraine and Russia grain corridor talks were also mentioned.
Rain damage to Chinese wheat at harvest could increase import demand from a large buyer, while Midwest dryness supports corn and soy. The rebound is a routine move rather than a major supply shift.
brecorder.comReutersJun 1, 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.
