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Reuters reports CBOT wheat rose more than 6 percent in the four weeks through January 3 before shedding 4 percent in the last three sessions, ending at $7.43-1/2 per bushel. Investors may have trimmed corn length after futures fell 2.5 percent in the same stretch.
Fund liquidation in wheat and corn points to weaker near-term feed grain prices absent new supply or demand news.
reuters.comKaren BraunJan 9, 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.
