Loading…
Chicago, Kansas and Minneapolis wheat settled mixed, corn fell about 2 cents, and soybeans rose about 6 cents. Soybean meal gained about $6 per short ton, while soybean oil and Matif canola eased.
Broader markets fell as Goldman cut its US GDP forecast citing Omicron.
Soybean meal strength supports feed costs for livestock, while lower corn prices ease feed grain costs, and the macro weakness adds short-term volatility.
graincentral.comGuest AuthorDec 20, 2021Not 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.
