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Tight oat supplies in Canada and the US, together with technical factors, helped push wheat higher during the week. Dry conditions on the Southern Plains, where winter wheat acres are expected to rise, also supported the market.
Corn eased slightly as harvest pressure built, while Gulf port shutdowns continued to weigh on exports.
Tight oats supply supports feed grain alternatives and lifts wheat, while the Gulf port shutdown limits corn export demand and pressures basis. Feed buyers face mixed signals across grains.
agweek.comMichelle RookSep 24, 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.
