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Chicago, Kansas City and Minneapolis wheat futures closed lower after USDA showed weak export sales. Tensions among Ukraine, the US and Russia remained high, while US growing conditions were rated very good.
Rice closed slightly lower with weak Asian prices.
Weak export demand and favorable US crop conditions weigh on wheat prices, although geopolitical tensions limit the downside. Feed wheat buyers face little upward pressure.
blog.pricegroup.comJack ScovilleDec 13, 2024Not 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.
