Argentina's 2026/27 crop is advancing with intermittent rains and rivers running high, and a possible wheat record is in view. Chicago soybeans are under pressure from the US harvest, and oil fell more than 7% to about $96 per barrel on hopes for a US-Iran settlement, while wheat recovered part of its losses on the lack of progress between Russia and Ukraine.
Harvest pressure and lower energy prices weigh on soybean values, while a potential Argentine wheat record and Black Sea uncertainty support wheat prices.
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.