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Chicago December corn fell to a near one-year low on technical selling and easing dry-weather concerns, and CBOT wheat contracts hit lifetime lows. Soyoil and palm oil gained ahead of a US decision on countervailing duties on Argentine and Indonesian biodiesel imports.
The USDA raised US soybean crop condition ratings.
Lower grain prices and easing weather risk reduce feed costs. Higher soyoil and palm oil reflect pending biodiesel trade duties, which could tighten vegetable oil supply and support meal and oil values.
grainews.caMichael Hirtzer, GFM Network NewsAug 21, 2017Not 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.
Same-day report that CBOT wheat hit lifetime lows alongside technical selling in corn, directly describing the 21 August drop and sentiment-driven liquidation.
