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Corn, soybeans and wheat fell for a third straight session on April 21, 2023, with July corn losing 3.2% for the week. Technical selling followed US planting progress and record Brazilian production.
Crude oil rose 0.75% toward $78 per barrel, and funds were net sellers of grains.
Record Brazilian output and early US planting progress weigh on US feed grain prices. Ample supply expectations keep the bearish trend in corn and soybeans intact.
feedstuffs.comBen PotterApr 21, 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.
