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Grain markets in the third week of March were mixed, with soybeans sharply lower after early gains on a lower Argentine production estimate. Wheat and corn traded lower into the close as weather improved in South America and the US Plains, and US wheat stocks were reported at their lowest in 14 to 15 years.
Improving South American weather and easing sentiment point to softer soybean and corn prices, while tight US wheat stocks limit downside for wheat.
agweek.comRandy MartinsonMar 31, 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.
