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Markets were little changed after the February WASDE, with nearby corn and soybeans up about 4.5 cents and wheat up 15 cents at the close on February 8. USDA raised US corn ending stocks by 25 million bushels and cut Argentine soybean output.
Muted price reaction indicates the report matched expectations, so feed costs are unlikely to shift sharply on this report alone. Argentine cuts remain a supportive factor for meal.
michiganfarmnews.comJon Adamy, Michigan Farm NewsFeb 8, 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.
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.
