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Grain and livestock futures closed mixed on August 10, with corn and soybeans gaining on short-covering ahead of USDA crop reports. Soymeal closed over $2 higher after setting contract lows, and wheat fell about 4 cents.
A derecho with winds up to 112 mph hit Iowa, Illinois and Wisconsin, and crop progress showed corn and soybean development ahead of or near average.
Derecho damage to Midwest fields and the expected USDA yield review support corn and soybean values, while wheat stays pressured by burdensome world supplies.
kyfb.comAug 10, 2020Not 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.
