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Grain markets turned quieter after a period of strong export demand, with the rally described as pausing rather than ending. Heavy rains in South America delayed soybean harvesting and safrinha corn planting, supporting US export demand for now.
Wheat fell on lack of fresh news and adequate world stocks.
Expected Brazilian harvest pickup should shift short-term soybean and corn export demand toward South America, pressuring US prices. Wheat's lack of news-driven support leaves it vulnerable to selloffs.
agweek.comRandy MartinsonFeb 7, 2021Not 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.
