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Grain settlements on December 9 were mixed, with Chicago wheat down to 522.75c, KC wheat at 426c and corn at 375.75c, while January soybeans gained 7.75c to 897.25c. Optimism over a near-final USMCA deal and Chinese tariff waivers supported oilseeds, while Brent crude fell to $64.25.
Easing trade tensions support soybean and canola values, while lower crude oil reduces energy-linked support for vegetable oils and biofuel feedstock.
graincentral.comGuest AuthorDec 9, 2019Not 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.
Reports the Dec 9 settlement with Chicago wheat down to 522.75c while oilseeds gained, directly documenting the day's wheat weakness amid a rotation toward soybeans on trade optimism.
