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Weekly US Wheat Associates report showed March wheat futures little changed, with CBOT SRW up 9 cents to $7.57/bu and KC HRW up 4 cents to $8.73/bu. CBOT corn fell 5 cents to $6.83/bu and soybeans rose 23 cents to $15.32/bu.
Basis was mostly steady due to weak export demand, and Kansas HRW good-to-excellent ratings were 21%.
Weak export demand and steady basis signal limited near-term pressure, while poor HRW crop ratings keep a supply risk premium in place.
oklahomafarmreport.comAimee CarlisleFeb 3, 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.
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.
