Loading…
Chicago wheat, corn and soybeans traded slightly lower on April 30 while July soybean meal rose to its highest since early February as funds added to net longs. Soybean oil made new lows for the move, and US corn and soybean planting ran ahead of the five-year average.
Routine market commentary with mixed moves; planting progress ahead of average is mildly bearish for corn and soybeans, while meal strength reflects fund buying.
coopfe.comWayne KollisApr 30, 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.
July meal hit its highest since early February on April 30 as funds added net longs, indicating a speculative short-covering rally.
