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Soybeans and soybean meal closed higher on fund and technical buying in the week ending September 27. Corn also gained on harvest delays in the southeastern Corn Belt, while Argentina's planting was about 11% complete amid dry weather.
Dry South American planting conditions and US harvest delays support soy and meal prices, while lower barge rates on recent rain ease freight costs for feed grain shipments.
brownfieldagnews.comJohn PerkinsSep 27, 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.
Fund and technical buying plus Argentine dry-weather planting concerns supported soybean meal gains.
