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Grain prices were lightly mixed on Tuesday with corn slightly lower and soybeans modestly higher, while wheat was mixed to lower. Traders awaited signals on China's Covid restrictions and South American weather, and crude oil firmed to $78 per barrel.
Quiet trade with small moves signals no new supply or demand shock, so prices are mainly tracking China demand sentiment and crude oil. Limited price impact for feed buyers beyond routine fluctuations.
farmprogress.comBen PotterNov 29, 2022Not 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.
