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Chicago soybean futures were little changed near a two-week low as traders weighed shifting US crop conditions and export prospects. Strong Chinese demand was offset by a dollar rally that hit a nine-and-a-half-month high and rain forecast for dry northwestern growing areas.
Corn and wheat also eased.
A firmer dollar makes US exports less competitive and rain in dry areas eases yield concerns, both of which weigh on soybean and corn prices despite solid export sales.
brecorder.comReutersAug 20, 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.
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.
