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On October 6, 2022, corn, soybeans and wheat fell in a technical setback as the US dollar strengthened, with wheat losing 1.5% to 2%. Corn dropped about 1.25% and soybeans about 0.75% on harvest pressure and weak export sales.
Crude oil rose about 1% to $88 per barrel, with diesel up 5%.
Harvest pressure and weak export demand weigh on feed grain and oilseed prices, while a stronger dollar makes US exports less competitive abroad.
theseam.comOct 6, 2022Not 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.
