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Investing.com reports food prices may be rebounding amid drought and the Ukraine war, while corn prices trend lower on a forecast global harvest about 5% higher. USDA sees record Brazilian and US crops, and corn is testing support near $500.
Expectations of a larger global corn crop add bearish pressure on corn and feed grain prices. Weather-related forecast revisions remain a upside risk for feed buyers.
au.investing.comAug 30, 2023Not 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.
