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Grain futures fell on Monday, led by soybeans and corn, with speculative long positions being liquidated ahead of the USDA report. Chicago May wheat dropped 13.5 cents to 515, May corn fell 5.5 cents to 393.75, and NAFTA talk uncertainty and a firmer dollar weighed on sentiment.
Fund liquidation and a stronger dollar pressure export-linked grain prices, though traders expect volatility to return around the report.
aginfo.netMay 8, 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.
Reports Monday's May 7 grain selloff with Chicago wheat down 13.5c, driven by spec long liquidation ahead of USDA, a firmer dollar and NAFTA uncertainty.
