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Grain and oilseed markets were mixed on December 3, with CBOT wheat up 8 cents and soybeans up 7.5 cents. Wheat gained on an unexpected rumour of Iranian demand and a flattening US carry curve, while the Russia-Ukraine tensions added to the support.
Wheat gains reflect tightening export supplies and possible new demand, which supports prices for feed grains that compete with wheat.
graincentral.comGuest AuthorDec 2, 2018Not 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.
