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Corn, soybeans and wheat all faced losses in the May 19, 2021 afternoon session amid a broad commodity selloff. Soybeans and wheat fell about 2%, while corn posted mixed results.
Forecasts called for more wet weather in the Midwest and Plains, and crude oil fell 3.5%.
This is a routine market wrap describing moves in grains and energy without a major new supply shock. Wet forecasts for planting areas are a modest factor that could limit further declines in corn.
mcgg.netMay 19, 2021Not 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.
