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Overnight, CBOT wheat rose 6 cents to 416.75 cents, Kansas wheat gained 5 cents, corn rose 1.25 cents to 349 cents, and soybeans rose 3.25 cents to 990.5 cents. Brazil approved Russian wheat as an import option for local millers, which could reduce HRW exports.
The French agriculture ministry cut its wheat export forecast by 400,000 tonnes.
Brazilian access to cheaper Russian wheat may take some US HRW export business, but freight differences limit the impact. The EU export cut tightens global wheat supply, which supports prices.
graincentral.comGuest AuthorDec 10, 2017graincentral.comGuest AuthorDec 11, 2017graincentral.comGuest AuthorDec 13, 2017graincentral.comGuest AuthorDec 14, 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.
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.
