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Wheat fell in freefall as slow export demand weighed, while corn dropped on fund and technical selling. Brazil's record soybean harvest is nearly complete, with USDA's Brazil attaché projecting a larger 2023/24 crop of 159 million tons.
Brazil's record soy supply and weak export demand are bearish for soybean meal and oilseed values. Corn and wheat weakness reflects fund liquidation and ample supply.
brownfieldagnews.comApr 26, 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.
