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Chicago, Kansas and Minneapolis wheat March 2023 futures fell on December 12, with Chicago down 12 cents to 734.25 cents per bushel. MATIF wheat dropped €4.50 to €302.75 per tonne, while corn gained 1.5 cents and soybeans fell 2 cents.
USDA's December WASDE was described as neutral for U.S. corn, soybeans and wheat.
Routine daily price moves in wheat show continued pressure from export competition and harvest selling, with the WASDE report having little lasting effect.
graincentral.comGuest AuthorDec 12, 2022Not 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.
