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CBOT wheat has posted a historic losing streak, while corn contracts are finding no support. The EU has also revised its wheat production forecast, and updates on wheat planting in France and Argentina are coming in.
A prolonged slide in CBOT wheat reflects ample global supply and weak demand, pressuring wheat and corn values for feed buyers. The EU forecast revision could shift export competition.
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.