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Grains closed lower on fund selling after a weather-driven recovery rally faded within 48 hours. Corn and soybean crop ratings were high, with corn at 68% good to excellent and soybeans at 67%, and funds remain heavily short.
Fund short positions and high crop ratings point to continued pressure on corn and soybean prices unless weather turns threatening.
agweb.comJul 30, 2024Not 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.
