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Wheat futures on all three US exchanges ended higher by double digits on Wednesday on trade rumours that Russia may introduce an export tax or curb exports at 25 million tonnes. Soybeans closed mixed with support from soymeal commercial buying, while corn ended fractionally higher after rain.
Russian export restriction rumours support wheat values, though gains could reverse if Moscow denies them. Corn pressure from rain and commercial selling is bearish for feed grains.
brownfieldagnews.comTom SteeverAug 29, 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.
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.
