Chicago wheat futures recovered slightly on Thursday, supported by improved US export competitiveness and weekly export sales of 538,000 tonnes. Corn and soybean futures fell despite export sales in line with market expectations, as progress in the US harvest weighed on prices.
Improving wheat export demand offers some support to US wheat prices, while abundant US harvest supplies weigh on corn and soybeans. The article also noted a rebound in crude oil after a tanker was hit by a mine in the Strait of Hormuz, but did not link it to grain price changes.
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.
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.