
On November 9, Chicago SRW wheat, corn and soybean futures fell, while Minneapolis spring wheat rose and Kansas City HRW wheat was little changed. Traders cited expectations for ample global wheat supplies and awaited the USDA report; U.S. wheat export inspections were down 35.6% year over year cumulatively, and 89% of winter wheat had been planted by November 8.
Ample supply expectations and weaker U.S. wheat export shipments weigh on wheat prices, while the cited declines in corn and soybeans also point to near-term pressure. The article reports routine futures moves rather than a major new supply shock.
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.