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Soybeans and winter wheat hit new contract lows on fund and technical selling, while soybean meal and oil followed beans lower. US planting was slower than normal, with 15% of corn planted versus 27% on average, and trade talks with China continued without a signed deal.
Slow US planting and possible acreage switching are supportive for corn, while uncertain China demand and strong South American supplies weigh on soybeans and meal prices.
brownfieldagnews.comApr 30, 2019Not 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.
