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Grain futures closed mixed, with soybeans rallying for a third day on spillover from soybean oil, which had climbed over 600 points since June 25 on Indonesian tariff news. Corn fell on favorable Corn Belt weather and wheat struggled to confirm a low during US harvest.
Soybean oil strength lifted soybeans, while corn and wheat remained pressured by good weather and ample supply. Feed grain prices face downside unless weather or a supply shock changes the picture.
agweb.comJul 3, 2024Not 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.
Confirms soyoil climbed over 600 points since June 25 on Indonesian tariff news, with spillover lifting soybeans.
