Chicago corn and wheat futures rose on Wednesday on bargain buying and technical factors after both markets fell to four-month lows. Soybeans recovered slightly from an 11-week low as USDA data showed US farmers harvesting record soybean volumes and a large corn crop.
Prices bounced from oversold levels, but record US soybean and large corn supplies keep the market under pressure for feed buyers. The rebound is technical and does not change the underlying supply outlook.
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.