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Corn, soybeans and wheat fell again on April 26, 2023, as renewed concerns about export pace and competition from global suppliers triggered technical selling. July corn dropped about 1%, soybeans eased 0.1%, and wheat lost 1.75% to 3.25%.
Crude oil fell over 3% to $74 per barrel on recession fears.
Export competition concerns point to softer foreign demand for US grain, keeping feed grain prices under pressure. Weaker crude and recession worries also reduce energy-linked support for grain values.
feedstuffs.comBen PotterApr 26, 2023Not 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.
