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Pro Farmer's Market Snapshot on August 22 reported corn futures lower on broad grain weakness and a firmer US dollar. Soymeal futures were about $5 lower and soybeans 17 cents down, while Illinois crop tour samples averaged a record 204.14 bu per acre.
Record crop tour yields reinforce expectations of a large US harvest, pressuring corn and soybean futures. Meal weakness lowers feed protein costs for buyers.
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.
