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May corn futures declined about 5 cents over the week after hitting a seven-month high, while soybeans gained on the week. Corn exports were strong, with weekly sales of 103 million bushels, and Rosario in Argentina cut that country's soybean crop estimate by 14%.
Wheat futures for July fell about 19 cents on better weather forecasts and strong Russian exports.
Argentina's smaller soybean crop tightens global soymeal and oil supplies and supports prices. Strong U.S. corn export demand supports feed grain values, while Russian competition weighs on U.S. wheat.
news.utcrops.comDanny Morris, Ext Area SpecialistMar 16, 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.
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.
