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Farmers sold little grain in the week ending December 22 beyond small year-end sales, and rally attempts in corn, soybeans and wheat failed to draw much selling. Barge grain shipments fell 28% in the week ended December 17, and upper Mississippi shipping closed for the season.
Light farmer selling and reduced barge movement tighten nearby country supplies, which can support cash bids for feed grains even as futures stay range-bound.
farmprogress.comBob BurgdorferDec 27, 2016Not 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.
