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Chicago SRW wheat December futures fell 1.5% to $4.09 1/2 a bushel on Monday, the lowest close since Aug. 30 and a new contract low.
USDA reported weekly export sales of 200,500 metric tons for the week ended Nov. 16, below expectations, while steady Russian export flows and falling local prices added pressure.
Corn also fell about 1%.
Weak export demand and aggressive Russian competition keep U.S. wheat values under pressure, and a firm dollar limits U.S. competitiveness. Bearish wheat also dragged corn lower.
foxbusiness.comBenjamin ParkinNov 27, 2017Not 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.
