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Chicago corn, wheat and soybeans fell on Monday as focus returned to large world supplies and expected bumper South American harvests. A firmer dollar also made US grains less competitive in export markets.
Ample global supply and a stronger dollar weigh on US export competitiveness and feed grain prices. Buyers can expect continued softness unless import demand picks up.
brecorder.comReutersFeb 26, 2024Not 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.
Same-day report attributes the Monday decline in Chicago wheat to large world supplies, bumper South American crops and a firmer dollar that hurts US export competitiveness.
