Broad fund selling pushed corn, soybeans and wheat lower in the week, with July corn hitting new lows for the move. Soybeans broke below key moving averages, and attention shifts to the USDA June 30 Grain Stocks and Acreage reports.
Strong competition from South American exports is weighing on U.S. export sales.
Weak export demand and fund liquidation are pressuring grain prices, and the June 30 USDA reports could set the next major price move.
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.
Broad fund selling and strong South American export competition weighed on corn.