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Kansas City wheat futures traded lower on a better chance of rain in HRW areas and a storm system over northern Kansas. Traders liquidated the long Chicago, short Kansas City spread, and USDA export sales were within expectations.
Improved rain prospects for HRW areas ease drought concerns and pressure KC wheat prices, though the moves are routine daily trading.
agweb.comNov 22, 2020Not 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.
