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An Agweek market commentary says old-crop US and Canadian grain demand is the main driver for the next 30 days, with markets awaiting spring acreage and trade decisions. It notes a well-supplied wheat market, dry US winter wheat conditions, and tight Canadian canola stocks.
The commentary describes a range-bound market awaiting direction, with dry US winter wheat a modest supportive factor for wheat prices.
agweek.comAlex Norton, Beeson Inc.Feb 13, 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.
