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Soybeans and soybean meal and oil fell sharply on fund and technical selling. Harvest is underway with minor delays, and US export sales are lagging USDA projections, while China's August soybean imports from Brazil rose 45% year on year.
Corn also fell on fund selling, with weekly export numbers weaker as Brazil and Ukraine take market share.
Fund liquidation and weak US export pace push prices lower, though a tight USDA supply outlook limits the downside if yields are cut.
brownfieldagnews.comSep 21, 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.
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.
