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Wheat closed higher after a volatile session with early highs and midday losses, while corn and soybeans also gained. Soybeans reached their highest level since March after a USDA acreage report showed fewer soybean acres than expected.
Concerns about hot, dry weather in the northern Plains supported prices, and foreign buyers including Algeria and Egypt made purchases.
Dry weather risk and a smaller soybean area support corn, soybean and wheat feed values. Export demand adds further support.
feedstuffs.comBob Burgdorfer 1Jul 5, 2017Not 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.
