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Grain prices were mixed but mostly lower after the August WASDE included several unexpected figures. Corn firmed on technical buying after lower-than-expected yield, wheat trended lower, and soybeans were mixed, with crude oil down 2.5% to $92 per barrel.
The mixed reaction reflects offsetting report surprises, so the net price impact on feed grains is limited, while lower energy prices reduce pressure on input and freight costs.
theseam.comAug 12, 2022Not 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.
