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Grain markets eroded in the third week of May, with Chicago wheat down 30 cents, Kansas City wheat down 50 cents, corn down 32 cents and soybeans off 83 cents. Early support from USDA's May Crop Production report faded as corn planting ran ahead of average, with North Dakota notably behind.
Fast planting supports higher yield expectations and bearish pressure on corn and soybeans, while delays in the northern Plains are a limited offset.
agweek.comRandy MartinsonMay 26, 2023Not 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.
