Loading…

Wheat futures closed higher across Chicago, Kansas City and Minneapolis on March 6, with crude oil futures up $10.22 at the close. Export sales commitments reached 95% of USDA's estimate, and shipments were ahead of the average pace.
Strong export pace and crude-driven spillover support wheat prices. Managed money has been adding to net shorts in Chicago wheat, which could fuel further short covering.
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.