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Overnight futures showed lower grains and higher oilseeds, with CBOT wheat down about 10 cents and Kansas wheat down about 11 cents. Soybeans rose, and weekly wheat sales came in below expectations at 162,800 tonnes.
Egypt's GASC bought 240,000 tonnes of Russian and Romanian wheat.
Weak wheat sales and a stronger US dollar pressure U.S. wheat prices, while Egypt's purchase supports Black Sea cash values. Soybean strength reflects South American weather concerns.
graincentral.comGuest AuthorMar 15, 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.
