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Chicago wheat rebounded 0.5% to $8.64-1/4 a bushel on Monday after a three-week low, supported by Black Sea supply concerns and crop damage from heavy rain in Australia. Corn and soybeans slid for a second session.
Wet weather in Australia threatens wheat protein and quality, while Black Sea uncertainty adds support, but weaker corn and soybean prices keep feed ingredient costs under pressure.
brecorder.comReutersOct 17, 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.
On Oct 17 corn and soybeans slid for a second session while wheat bounced, so it describes market action on the move date; the direction of corn is ambiguous versus the reported 2.71% move.
