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Soybeans, corn and wheat rose on fund buying after the USDA crop rating slipped but stayed above last year. Forecasts pointed to dry weather in much of the Midwest into mid-September after a dry August in some key areas.
Soybean meal rose while soybean oil fell on spread adjustments and pressure from China's canola dispute with Canada.
Dry Midwest weather could trim yields and support corn and soybean prices, while the weaker soybean oil and the China-Canada dispute point to softer oil markets.
brownfieldagnews.comJohn PerkinsSep 4, 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.
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.
