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US soybean futures fell for a second day as investors squared month-end positions and locked in gains. Wheat fell on a firm dollar, and corn was steady to slightly weaker after a record US harvest.
Crude oil jumped about 9% after Saudi Arabia said OPEC was close to a production-cut deal, but soybeans ignored the move.
Heavy fund long positions are being unwound, so soybeans lack momentum despite firm energy prices. A stronger dollar and record corn supplies cap grain prices.
country-guide.caMark WeinraubNov 30, 2016
grainews.caGFM Network NewsNov 30, 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.
