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March corn fell 4 cents to $6.77 1/4 and March soybeans fell 9 3/4 cents to $15.14 3/4 after soybean futures hit a seven-month high and meal a contract high the prior day. Wheat fell on lower outside markets, and cotton slid on recession fears after weak US retail sales and Chinese data.
Profit-taking after multi-month highs and forecasts of Argentine rain eased supply concerns, pressuring meal and corn prices for feed buyers. Recession worries also weighed on the complex.
profarmer.comPro Farmer EditorsJan 19, 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.
