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Corn, soybeans and wheat extended losses on April 20, 2023, after a broad selloff continued with technical selling. Corn fell about 1.25%, soybeans slipped over 0.5%, and some wheat contracts dropped more than 2.5%.
Crude oil declined almost 2.5% to $77 per barrel.
Expectations of a record Brazilian corn crop and seasonal planting pressure weigh on US feed grain prices. Lower crude also reduces energy-linked support for commodities.
feedstuffs.comBen PotterApr 20, 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.
