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CBOT futures closed lower on August 3, with soybeans falling sharply on improved weather forecasts. Corn closed mid-range, and private analysts estimated a corn yield below USDA's forecast ahead of the agency's August report.
Improved weather lowers the risk premium for corn and soybeans, which weighs on feed grain prices. The private yield estimate below USDA's figure hints at tighter corn supply later.
kyfb.comAug 3, 2017Not 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.
