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CBOT wheat futures closed lower on August 20 on technical selling and spillover weakness from corn and soybeans. Concerns about the health of the global economy also weighed.
For the week, the December soft red winter contract fell 5.9%.
Routine market weakness that follows corn and soybean moves offers little new supply information. Feed buyers may see softer grain prices in the short term, but the underlying tight supply picture is unchanged.
brecorder.comReutersAug 21, 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.
