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A Hensall Co-op commodity report said the January 10 USDA report was a dud, with mostly bearish numbers that prices largely shrugged off. Wheat was the strongest grain on technical buying, with continuation charts at their best since August 2018.
Corn yields were raised to 168 bu/ac and soybean carryouts were noted as falling.
Wheat strength on technical buying and falling carryouts support prices, while higher corn yields keep a bearish cap on feed grains.
hensallco-op.caJan 15, 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.
