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December corn fell 4.75 cents to $3.93 1/2 and November soybeans dropped 20 cents to $9.61 1/2 on August 22. Crop tour scouts reported record Illinois corn yields and USDA showed new-crop corn and soybean sales, including a flash sale of 110,490 MT to Mexico.
Strong crop tour yields point to a large US harvest that weighs on futures, while steady export sales provide some support. A stronger dollar also pressured grain prices that day.
profarmer.comPro Farmer EditorsAug 22, 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.
