
CBOT soybean and corn futures rose, while wheat futures fell ahead of an upcoming USDA update. The brief report provided no further details on the size of the price moves or the market’s expectations for the report.
Pre-report positioning can increase short-term volatility as traders adjust expectations for crop supply. The direction of the moves was supportive for corn and soybeans but negative for wheat.
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.