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Soybeans, corn and wheat fell on profit taking and technical selling, though soybeans and corn remained up on the week. Brazil's August soybean exports topped 8 million tonnes, and two Argentine crush unions reached an agreement that averted a strike.
Routine profit taking pressured prices, while the large expected South American soybean crop weighs on soymeal and soyoil. Market direction is mostly driven by technical moves rather than new supply changes.
brownfieldagnews.comJohn PerkinsSep 6, 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.
