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Corn futures fell 1 to 3 cents on favorable weather forecasts, concerns over Midwest crop conditions and lower energy prices. Soybeans, soybean oil and soybean meal also declined, while wheat was mixed.
Benign weather and weaker energy prices reduce the price floor for corn and soy complex products, pointing to softer feed input costs. Ethanol demand recovery is a modest offset for corn.
pnw.coopJun 17, 2020Not 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.
