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US soybeans, corn and wheat finished lower on commercial and technical selling and bearish outside markets. Weather forecasts were hot and dry in the near term, and US beans traded at a discount to Brazil.
Argentina's Rosario exchange cut its soybean crop estimate to 55.3 million tonnes and raised its corn estimate to 27 million tonnes.
Routine price moves reflect outside market pressure, while Argentina's lower soybean and higher corn estimates tighten some supply. Overall impact on feed prices is limited.
brownfieldagnews.comJohn PerkinsJun 16, 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.
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.
