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ADM Investor Services reports December corn rose 3-4 cents to a two-week high, with Sept-23 high resistance at $4.90 1/4. Soybeans finished mixed, meal fell $3-4 and oil gained 50-70 points, while Brazil's September corn exports are expected to hit a record 9.6 million tonnes.
Record Brazilian corn exports add competition for US corn in export markets, while the daily price moves reflect routine trading rather than a new supply shock.
admis.comMark SoderbergSep 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.
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.
