Loading…
The October 31 market wrap reports CBOT wheat down 2.5 cents to 424.75c, corn unchanged at 348.75c, and soybeans down 2 cents. Saudi tender purchases of 484,000 tonnes at $221.5-$229.5 were described as cheap, and Ethiopia opened a tender for 400,000 tonnes.
Cheap Saudi purchases and a lack of demand catalysts point to continued pressure on wheat, with corn and soybeans also trading flat to lower on heavy stocks.
graincentral.comGuest AuthorOct 30, 2017Not 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.
