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Chicago soybean futures fell sharply on Monday as harvest pressure weighed on the market, with the most-active contract down 31-3/4 cents to $10.33-3/4 a bushel. Corn followed lower while wheat edged up on dryness across the U.S. Great Plains.
Trading was thin with the U.S. bond market and federal agencies closed for Columbus Day and no flash export sales reported.
Heavy farmer selling and full elevators add near-term downward pressure on US soybean and corn cash prices. Traders were waiting for export sales to support prices.
in.investing.comOct 12, 2020Not 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.
Reuters reports Chicago soybeans fell 31-3/4 cents on Monday Oct 12 on harvest pressure in thin holiday trading, which is the move itself (about -3%).
