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US farm markets closed mostly lower, with corn down 0.58%, soybeans down 0.99%, meal down 0.64% and SRW wheat down 1.23%. Traders took profits after multi-month highs, while Argentine forecasts turned wetter and Russian President Putin signaled Russia would retain grain stocks.
Wetter Argentine forecasts reduced supply worries and pushed grain and meal lower, while Putin's remarks add a Black Sea risk premium to wheat. Feed buyers face mixed pressure across the complex.
bancadelgrano.itSWBJan 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.
