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Soybeans rose on commercial and technical buying and spillover from higher vegetable oil futures, with December bean oil reaching a two-year high. Corn and wheat were lower on commercial and technical selling, with wheat facing ample domestic and global supplies.
Vegetable oil strength supports soybean and meal values, while heavy wheat and corn supplies keep feed grain prices under pressure.
brownfieldagnews.comJohn PerkinsOct 24, 2016Not 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.
Describes commercial and technical selling in wheat on 24 Oct amid ample domestic and global supplies, which points to sentiment and supply pressure.
