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Chicago corn futures fell on Monday after an export-led rally the previous Friday, while soybeans and wheat also declined. Wheat traded near its lowest level since late December as favorable planting weather in the U.S. Great Plains and Black Sea region limited gains.
Pullbacks after export-driven rallies reflect traders waiting for the March 31 USDA reports. Favorable weather for winter wheat in the U.S. and Black Sea adds bearish pressure on wheat prices.
financialpost.comReutersMar 22, 2021Not 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.
Directly describes the 2021-03-22 corn move: futures fell after an export-led rally, reflecting profit-taking and weaker sentiment in grains.
