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Commentary reviews August grain futures, where corn fell about 6% and wheat fell 10-13% to lows since December 2020, while soybeans rose about 4%. The article attributes the moves to June acreage shifts, the August WASDE yield cut for soybeans and strong Chinese crush.
Routine recap of price moves, though the soybean balance sheet tightening and Chinese crush demand underpin soybean meal and oil values for feed buyers.
iasg.comChad BurletSep 5, 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.
