Loading…
UK feed wheat futures for May-23 closed at £242.00/t, down £3.00/t, and Chicago soybean futures fell about $3.86/t. Markets weakened on US interest rate concerns, with losses limited by worries over the Ukrainian grain export corridor.
Brazil's soybean harvest was 17% complete.
Routine price moves with no new supply shock; the sell-off reflects macro rate fears and the ongoing Brazilian harvest, which points to softer soybean and wheat prices in the near term.
mainsitelive.azurewebsites.netFeb 16, 2023Not 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.
