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Chicago corn and soybean futures softened in the week ended May 16 as rain in the US Midwest and Plains pressured prices, with July corn falling below $4 and soybeans just under $10 per bushel. Brazilian soybean prices fell below US levels while Brazilian corn held firm.
Lower Brazilian soybean prices erode US export competitiveness, and heavy farm bin stocks add selling pressure on corn.
agcanada.comAGCanadaMay 17, 2018Not 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.
