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Grain markets rose during the week of October 24, with Chicago SRW wheat at six-year highs on La Niña concerns and corn and soybeans at multi-year highs on Chinese demand. Canola and flax also climbed, while new-crop 2021 canola, corn and SRW wheat prices fell.
Multi-year highs in wheat, corn and soybeans raise feed input costs, while falling deferred prices signal farmers are forward selling at current levels.
realagriculture.comBrennan TurnerOct 24, 2020Not 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.
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.
