Loading…
July soybeans and July corn rallied at the close on May 2, 2024, with July soybeans up 29 cents and July corn up 10 cents. Soybeans tested $12 and corn tested its 100-day moving average.
Wetter Midwest forecasts raised concerns about the pace of U.S. planting.
Wetter forecasts that slow planting can cut acreage and raise supply concerns, supporting corn and soybean prices. This is a routine price wrap with no major new supply shock.
agriculture.comBob LinnemanMay 2, 2024Not 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.
