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The first full week of December was quiet in grain markets, with the December WASDE causing little movement outside global wheat. Analysts said the US winter wheat rally may be over, as the global wheat stock increase came mostly from feed-quality wheat.
Corn and soybean stocks were left unchanged.
Quiet trade and an unchanged corn balance sheet point to a holiday lull for feed grains, while feed-quality wheat supply growth weighs on wheat prices.
agweek.comMichelle RookDec 10, 2021Not 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.
