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Chicago wheat fell about 2% to a three-month low on November 28 amid a broad commodity and equity sell-off linked to protests in China against COVID policy. Cheap Russian and Black Sea supplies added competition, and soybeans gained on a USDA export sale of 110,000 tonnes.
Cheap Black Sea wheat competition and technical selling push wheat lower, while the China protests weigh on demand sentiment; soybeans are supported by export sales and renewable fuel expectations.
grainews.caRod Nickel, GFM Network NewsNov 28, 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.
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.
