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Soybeans and corn fell on profit taking and technical selling. Unknown buyers purchased 192,000 tons of 2016/17 US soybeans, and China announced a five-year plan to shift acreage from corn to soybeans.
China's plan to expand soybean acreage at corn's expense points to longer-term shifts in feed grain and oilseed balances, though near-term prices were driven by profit taking.
brownfieldagnews.comJohn PerkinsOct 20, 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.
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.
