U.S. grain futures were mixed to lower ahead of the USDA’s monthly WASDE report, with traders cautious despite expectations of a notable reduction in U.S. production. Weekly export inspections were weak for the season, soybean inspections were at the low end of expectations, and the USDA confirmed a 110,000-tonne corn sale to Mexico; falling crude oil also weighed on biofuel markets.
Chicago December SRW wheat fell 3.25 cents, December corn declined 2.25 cents, and January soybeans lost 5.5 cents per bushel.
Weak export inspections and lower crude prices pressured grain and biofuel-linked markets, while the confirmed corn sale provided some demand support. USDA production estimates could shift supply expectations, but the article reports no new release yet.
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.