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Chicago July wheat fell about 10 cents to 722.75c/bu and corn dropped 10.5 cents to 644c/bu, with soybeans down 5.75 cents to 1513.75c/bu. The US dollar index eased to 90.6 after the FOMC reiterated its support for quantitative easing.
Grains pulled back from the recent rally on profit taking, with the softer dollar offering some support. The price moves describe routine market activity without a new fundamental shock.
graincentral.comGuest AuthorApr 29, 2021Not 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.
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.
