
On Thursday, November 12, CBOT December SRW wheat fell 15.25 cents to $5.8425 per bushel, Kansas City HRW and Minneapolis spring wheat also dropped, and December corn lost 5.5 cents to $4.425 per bushel. Traders cited a 19-month high in the US dollar and an upward revision to Argentina's wheat crop forecast to 24.3 million tons.
A stronger dollar makes US grain less competitive abroad, and a larger Argentine wheat crop adds export supply, both pressuring futures prices for wheat and corn.
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.