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Closing prices on April 29, 2024 showed May corn down 0.75 cent at $4.39 1/4, May soybeans up 1.25 cents at $11.60 3/4, May soybean meal up $8.30 at $348.30, and May wheat down 13 cents at $5.90 1/4. Live cattle, feeder cattle and Class III milk also closed with mixed moves.
A routine closing wrap with no new cause; soybean meal firmness supports feed costs modestly, while corn and wheat were slightly lower.
brownfieldagnews.comadminApr 29, 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.
Soybean meal rose $8.30 on April 29 with Argentine strike news, showing follow-through buying momentum into the May 1 move.
