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Grain markets were mixed in the week to July 25, with corn the weakest as harvest size became clearer. Wheat gained slightly on heat concerns in North America and Argentina, while soybeans were supported by Chinese buying and firm edible oils.
The IGC's 6Mt production cut and an Australian crop estimate of 27Mt were also noted.
Heat concerns and the IGC cut support wheat, while a large expected Australian crop and harvest size weigh on corn, so the balance of drivers is mixed.
realagriculture.comBrennan TurnerJul 25, 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.
