
Wheat, corn and soybean markets showed bearish technical signals on November 6, even as weekly wheat export sales remained relatively strong year over year. The report said traders were awaiting the next monthly U.S. crop production report for further direction on corn; lower international prices could eventually reduce Vietnamese feed makers’ input costs, though domestic import prices may not fall immediately.
If the technical weakness persists, cheaper wheat, corn and soybeans could ease feed production costs. The effect on Vietnamese buyers may be delayed as international prices pass through to import prices.
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.