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Grain futures moved higher overnight after selling pressure faded. Crude oil surged on U.S. efforts to get allies to stop importing Iranian oil, and the latest Vegetation Health Index maps showed excessive rain damaging some areas.
Higher crude lifts biofuel and input cost expectations and can draw fund money back into commodities, supporting grain prices in the near term.
farmprogress.comJun 27, 2018Not 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.
