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US corn futures fell for the first time in three sessions on Thursday as rains eased concerns about Midwest crops. Wheat rose more than 1% and soybeans fell.
Traders said the market was waiting to see the impact of recent rains on supply.
Routine price movement on weather easing has little lasting effect on the supply outlook, so feed buyers should expect only modest short-term pressure on corn.
brecorder.comReutersAug 26, 2021Not 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.
