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US soybean and spring wheat futures closed lower after pared losses, pressured by technical selling and favourable crop weather outlooks. CBOT corn for December fell to a 10-month low before recovering.
Spring wheat fell as low as $6.38-1/4 before recovering, and USDA data had shown bigger-than-expected corn and soybean yields.
Favourable weather and larger-than-expected USDA yield estimates weigh on soybean and wheat prices, and the market is waiting for more crop information.
grainews.caMichael Hirtzer, GFM Network NewsAug 14, 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.
