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Corn and soybeans finished lower on Friday as coronavirus concerns and cheaper Brazilian soybean prices weighed on markets. December corn hit a new contract low in February and November soybeans hit a nine-month low.
The USDA WASDE report was due March 10 with little expected change in supply.
Brazilian soybean competition and weak export demand signals keep US grain prices under pressure ahead of the WASDE report. Feed buyers may see continued softness in corn and soymeal.
farmprogress.comNational Hog Farmer StaffMar 6, 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.
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.
