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Grain markets sold off sharply, with corn down 9 1/4 cents, January soybeans down 34 1/4 cents, and March soybeans down 32 1/4 cents. Gulke argues USDA cannot expect a further 20% rise in corn exports when prices are around $5.50.
Sharp declines in corn and soybean futures lower feed costs for buyers, while the commentary suggests export demand may be weaker at current price levels.
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.