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Soybeans, soymeal, soyoil and corn rose on short covering and technical buying after recent losses. USDA rated the national soybean and corn crops as lowest in years for condition, with development slower than normal.
Mexico bought 138,000 tons of 2019/20 U.S. soybeans and 195,750 tons of soybean meal, and 278,200 tons of U.S. corn, while China trade talk was unconfirmed.
The move is mainly a technical bounce, but the Mexican purchases and slow crop development add modest support to soybean complex and corn prices ahead of the USDA report.
brownfieldagnews.comSep 10, 2019Not 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.
