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CBOT wheat fell 0.7% to $5.17-1/4 on June 1 after a recent run-up, while corn and soybeans were marginally lower as US-China trade tensions escalated. The European Commission cut its 2020/21 EU soft wheat forecast to 121.5 million tonnes from 125.8 million.
The EU crop cut supports wheat prices, while US-China tensions cloud demand for US feed grains and soybeans.
brecorder.comReutersJun 1, 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.
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.
