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Grain and oilseed futures posted strong gains overnight, with Chicago wheat up about 37 cents, corn closing up the daily limit, and soybeans up 36 cents. Crude oil rose to $61.4 WTI and $65.4 Brent, and the US dollar index edged up to 91.3.
Broad gains across grains and oilseeds point to continued fund-driven buying that lifts feed input costs. The daily wrap describes the moves without adding a new cause.
graincentral.comGuest AuthorApr 22, 2021Not 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.
Corn closed limit-up on April 22, a major driver of the 5-day surge, on grain-wide buying.
