Loading…
Soybeans led the main US crop futures to their best week in almost eight years, while US stock indexes fell sharply on reports of proposed higher capital gains taxes. Corn and wheat also rallied on dryness concerns in US weather and an unexpected freeze, and China was buying US soybeans for feed as its hog herd recovers from disease.
Chinese feed demand for US soybeans keeps export demand firm, supporting soybean meal and feed-grain costs. Weather worries in corn and wheat add upside pressure, though the stock market move is not a direct grain price driver.
investing.comBarani KrishnanApr 23, 2021Not 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.
