
CZ corn futures traded near $4.29 with new selling after corn was left out of the US-China trade deal, while China reportedly bought four more US soybean cargoes. Traders doubt China will reach 12 mmt of US soybeans by year-end, and US soybean export commitments are down 38% year on year.
Corn lacking a trade-deal boost and rising South American supplies point to continued pressure on US corn and soybean prices, with soybeans supported only by the pace of Chinese buying.
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.