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Cash corn and soybean prices have pulled back from eight-year highs. A DTN analyst reports growers are cautious about the grain rally, and a third sale of new-crop corn to China was announced that week.
High margins are expected to encourage more production and reduce grain use over time, but the near-term price picture is mixed. Buyers should expect volatility around the recent highs.
dtnpf.comTodd HultmanMay 14, 2021Not 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.
