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Overnight markets were higher for grains and lower for oilseeds, with CBOT wheat up 6.25 cents, corn up 5.75 cents and soybeans down 6.75 cents. Wheat gained on corn and spring wheat strength, with USDA reporting spring wheat planting at 22 percent versus a 34 percent average.
Frost concerns in Kansas and dry conditions in Russia were also cited.
Slow spring wheat planting and frost and dryness risks support wheat prices, while soybean weakness reflects competition from corn for acres. The moves are small and mostly technical.
graincentral.comGuest AuthorApr 25, 2017Not 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.
