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US corn, soybean and wheat futures eased on March 1 after the previous week's rallies. Corn fell 9 1/4 cents to $5.38 1/4 and soybeans dropped 13 cents to $13.91 1/4, while Sovecon raised its Russian wheat export forecast and StoneX lifted Brazil's soybean crop estimate to 133.5 million tonnes.
Traders expect limited downside because of strong Chinese demand and tight US soybean supplies, while a higher Russian wheat export outlook and a larger Brazilian crop add some supply offset to prices.
agcanada.comAGCanadaMar 1, 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.
