Loading…
Corn closed at 361.5 US cents per bushel on the Chicago Board of Trade last Thursday, down 8.94% year to date. Soybean meal closed at $310.10 per tonne, down 14.95% from the start of the year.
Lower corn and meal prices ease feed costs for poultry and livestock buyers, though the headline frames the risk as high feed cost, so the near-term price signal is bearish for these grains.
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.