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Chicago wheat and Kansas wheat rose slightly overnight, while corn and soybeans dipped, despite a bearish USDA report. Global corn, soybean and wheat stocks for 2016/17 were all raised, with soybeans hitting 12-month lows in May.
The market is now focused on U.S. planting and weather.
Record global stocks keep a cap on grain and soymeal prices, and buyers should watch planting weather for any upside risk.
graincentral.comGuest AuthorApr 11, 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.
