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US spot soybean basis weakened in the Midwest while corn basis was mixed. ICE canola fell, ending a six-day winning streak on wetter Canadian weather, and CBOT wheat rallied on harvest-risk concerns while corn and soybeans dipped.
Routine cross-market moves reflect shifting weather outlooks. Wheat is supported by harvest risk, while corn, soy and canola face pressure from planting progress uncertainty.
brecorder.comJun 3, 2019Not 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.
Same-day report says CBOT wheat rallied on harvest-risk concerns while corn and soybeans dipped, pointing to a wheat-specific supply driver.
