
A sharp fall in Brent crude, down about 20% to around US$92.3 per barrel, deepened the decline in grain prices. Soybeans, wheat, corn and rapeseed all posted new losses, with wheat at its lowest since February and corn at its lowest since July.
Lower energy prices reduce biofuel demand and the cost of inputs, weighing on grain futures. The harvest progress and expected larger USDA crop estimates add further downward pressure.
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.