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Overnight futures were mixed for grains and firmer for oilseeds, with CBOT wheat down 4.25 cents and soybeans up 4.5 cents. The USDA cut global wheat stocks by 1.92 million tonnes, and Brazil's CONAB estimated its corn crop at 88 million tonnes.
U.S. corn export sales were above expectations.
Routine daily moves reflect the USDA and CONAB revisions, with stronger corn export demand supporting feed grain prices. The soybean gain and wheat weakness are small and mostly reflect short-term positioning.
graincentral.comLachstock ConsultingFeb 8, 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.
