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Euronext March milling wheat was little changed at 226.75 euros a tonne as traders awaited the USDA monthly world crop report. Chicago corn hit a 7-1/2-year high ahead of the report on expectations of tighter US and global corn supplies after large export sales to China.
Cold in the US Plains was seen as a possible threat to crops.
Market focus on the USDA report and tightening corn supply signals firm feed-grain prices, while European wheat is largely unchanged on limited crop risk.
brecorder.comReutersFeb 9, 2021Not 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.
