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Wheat had a volatile week, with a rally early in the week fading by Thursday and only slight gains by Friday. Corn and soybeans set new highs while wheat lagged as hedge funds held short wheat positions in spreads.
Fund short positioning in wheat restrains prices despite bullish fundamentals, while corn and soybean strength pulls feed costs higher.
agriculture.comLouise GartnerJan 29, 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.
