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CME grain futures closed higher on Monday, with March soymeal up $2.10 to $348.90/st, March soybeans up to $11.93/bu, March corn up to $4.30/bu and March wheat up to $5.97/bu. DDGS prices were steady in most locations, with slight declines in Minnesota/Dakota and Iowa.
Weather in Argentina and Brazil was cited as affecting prices.
Routine price moves with modest technical buying; the South American weather mention is a minor supportive factor for soy and meal prices.
thejacobsen.comAlexandra WattsFeb 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.
