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Corn futures rose 3 to 5 cents as the market added weather premium ahead of the WASDE. Ethanol output fell to 300.7 million gallons from 315 million the prior week, and corn usage ran below the pace needed for USDA's forecast.
Soybeans finished mixed, with July beans testing support near $11.74.
Heat forecasts for the Midwest support corn prices, while weak ethanol and usage data limit upside. Soybean meal and oil moved in opposite directions, leaving the complex mixed.
admis.comMark SoderbergJun 12, 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.
