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Chicago soybeans fell for a third straight week after USDA raised its US corn and soybean production estimates. Wheat and corn also lost ground, and US soybean export sales were reported at 1.34 million metric tons for 2024-25.
Expectations of record US output and slowing Chinese demand keep grain prices under pressure ahead of the Pro Farmer crop tour.
brecorder.comReutersAug 16, 2024Not 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.
Soybeans extended losses for a third straight week on record US output, consistent with the continued decline.
