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Soybeans rose on commercial and technical buying, with soybean meal and oil following higher. NOPA reported July crush of 143.7 million bushels, below expectations.
Corn also firmed, with crop conditions steady at 74% good to excellent and the market looking for a possible bottom.
A weaker-than-expected crush points to softer meal output, which is supportive for soybean meal prices. Corn's firmer tone reflects a belief that prices have bottomed despite a potentially record crop.
brownfieldagnews.comJohn PerkinsAug 15, 2016Not 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.
