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Chicago and Kansas City wheat posted new lows as contracts remained oversold. The USDA reported China bought US soybeans last week, but far below the expected 10 million tons, and African swine fever continues to curb meal imports.
Weak Chinese demand and disease-driven cuts in hog herds reduce demand for soymeal, pressuring soybean and meal prices. Wheat remains pressured by ample supplies.
brownfieldagnews.comMar 7, 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.
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.
