Grain futures opened mixed in overnight trade, with December corn down 1 3/4 cents and January soybeans down 1 1/4 cents. December soybean meal fell $1.10 while December soybean oil rose 50 points, and wheat was seeking follow-through buying after recent news reports.
Traders are positioning ahead of October month-end and November soybean first-notice day.
Routine overnight price moves with no new fundamental cause; the soybean meal decline slightly weighs on feed protein costs while soyoil strength supports the oil-meal crush spread.
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.
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.