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Grain futures finished higher for a second straight week, with corn supported by European weather and US export strength. Supply problems in Brazil (trucking costs), Argentina (basis) and Ukraine (dry weather cutting corn exports) were noted.
The White House's $12 billion farmer aid package was also flagged, with the writer questioning how quickly the funds would arrive.
Tight South American and Ukrainian corn supplies favour US corn exporters and support prices. Farmer cash aid may cushion the trade-war hit but does not change underlying grain fundamentals.
realagriculture.comBrennan TurnerJul 27, 2018Not 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.
