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CBOT wheat fell 20 cents, about 4%, while Kansas HRW fell 16.25 cents, with selling described as fund-driven in waves. Crop conditions were rated around 85-90% good to fair, and Black Sea crops looked favorable.
Corn fell 4.75 cents, and WTI crude dropped about 3% after the US president called on OPEC to ease prices.
Fund selling and good crop ratings reinforce bearish pressure on wheat and corn. Lower crude also weakens the energy-linked support for grain and ethanol-related demand.
graincentral.comGuest AuthorFeb 25, 2019Not 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.
