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Chicago corn futures rose about 0.4% in Singapore trading on Wednesday, recouping the prior session's losses on bargain buying ahead of USDA's quarterly US grain stocks report due at the end of the week. Soybeans and wheat also gained slightly.
Large global corn supplies from South America and a record-scale US harvest continue to cap prices, so the rebound is likely to hold only if the stocks report surprises to the upside.
brecorder.comReutersSep 27, 2023Not 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.
