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CBOT March wheat settled 31 cents lower at $7.56 per bushel, near a two-month low, and European wheat fell about 3%. Corn followed wheat lower while January soybeans rose 3 cents after a smaller-than-expected U.S. soybean crush.
A record Australian harvest and Black Sea competition add supply pressure on global wheat prices. Cheaper wheat can substitute for corn in feed rations and pull corn prices lower.
country-guide.caReutersDec 16, 2021Not 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.
