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US wheat and CBOT corn finished modestly higher despite volatility in stocks and currencies. Drivers included dryness on the US Plains, a rising Black Sea cash market and a technical breakout.
The February WASDE report contained no major surprises for wheat, and the Australian crop estimate was unchanged at 21.5 Mt.
Dry US Plains weather and firm Black Sea prices support wheat and corn values, while an unchanged WASDE leaves the trend intact.
graincentral.comGuest AuthorFeb 12, 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.
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.
