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CBOT May soft red winter wheat settled up 3.5 cents at $6.16-3/4 after dipping to $6.07-1/4, its lowest since Dec. 22.
KC May hard red winter wheat ended up 1.25 cents at $5.69-1/2 while MGEX spring wheat fell. A firmer dollar weighed on US grains, and USDA weekly wheat export inspections came in at 302,188 tonnes, below trade expectations.
Weak export inspections and a firmer dollar pressure US wheat values, though bargain buying limited losses after the contract hit its lowest level of 2021. Feed buyers may see wheat stay cheap relative to corn if the downtrend persists.
brecorder.comReutersMar 30, 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.
