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Chicago wheat fell 2.75 cents on the day after the USDA report, which raised global carryout by 5 million tonnes. Corn gained 3 cents on soybean strength, and soybeans rose 26.5 cents as the report lowered soybean yields.
Routine overnight price moves show soybeans firming on the USDA yield cut, while wheat stays under pressure from heavy global stocks. Feed buyers should watch soybean and corn spreads.
graincentral.comGuest AuthorOct 12, 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.
