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U.S. corn, soybean and wheat futures rose on April 1 after a sharp Friday sell-off that followed a USDA report showing large stocks of all three in storage. Corn gained about 1.8% on rain-related planting concerns, and soybeans were supported by a reported 828,000-tonne sale to China.
Planting delays from wet weather tighten the outlook for new-crop supply, while China purchase reports support soybean demand expectations. Prices are rebounding from a bearish stocks-driven drop.
cnbc.comMark WeinraubApr 1, 2019Not 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.
