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CBOT wheat fell 11.75c to 526.25c and Kansas wheat fell 12c on Friday as improved US, Australian and Russian weather forecasts and US wheat at import parity weighed on prices. Corn eased 1.75c to 406.25c while soybeans dropped 16.5c, with the market awaiting the May 10 WASDE report.
Improved weather in major exporting regions and competitive US wheat pressure lower near-term wheat values, while the upcoming WASDE report is a key catalyst for corn and soybeans.
graincentral.comGuest AuthorMay 9, 2018graincentral.comGuest AuthorMay 7, 2018graincentral.comGuest AuthorMay 9, 2018Not 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.
