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Chicago grain prices stopped their recent sharp falls, with soybeans up 3.6% and corn up 1% on the week while wheat was roughly flat. Uruguay's 30-day average beef export price, reported by INAC, reached a record US$6,650 per tonne carcass equivalent, while finished cattle held near US$6/kg.
The grain rebound improves forward offers for the next harvest in local markets, while record beef export prices and firm cattle prices support livestock values and the economics of feed demand for cattle.
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.