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Chicago wheat fell more than 3% on April 1 to its steepest decline in 7.5 months, with May wheat closing at $5.50 1/4. Soybeans dropped over 2% and corn hit fresh contract lows on large supplies and weak ethanol demand, as a firmer dollar and coronavirus equity selloff added pressure.
Broad grain weakness with burdensome corn supplies and a stronger dollar points to lower feed ingredient costs in the near term.
grainews.caGFM Network NewsApr 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.
