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U.S. grain futures fell Tuesday, with CBOT SRW wheat down about 1% and corn easing on chart-based selling and abundant global stocks. Soybeans edged higher for a seventh session on Argentine dryness.
Informa trimmed its 2018 U.S. soybean and corn planting forecasts.
Wheat and corn weakness reflects ample global supplies and fund selling, while dry Argentine weather provides modest support for soymeal and soybeans.
grainews.caMichael Hirtzer, GFM Network NewsJan 23, 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.
