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US wheat futures fell more than 3% on February 1 to their lowest in nearly two weeks on Plains moisture forecasts and waning Russia-Ukraine conflict fears. Corn also retreated while soybeans rose to a seven-month high on drought-related concerns in South America.
Improved Plains moisture and easing geopolitical risk reduce near-term wheat support, while South American crop losses keep soybean and meal prices firm.
businesstimes.com.sgJan 31, 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.
