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Wheat, corn and soybeans fell on profit-taking, technical selling and spillover from lower grains. Corn declined on improved South American rains, and wheat dropped below its 20-day moving average.
USDA reported weekly US wheat export sales near the low end of expectations.
Routine technical selling and spillover pressure drove the decline, while improved South American supply prospects weighed on corn and soybeans. Weak wheat export sales add modest bearish pressure.
brecorder.comReutersJan 22, 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.
