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Chicago corn futures were set for their biggest monthly gain in six months, up over 9% in August, as declining U.S. and European crop prospects supported prices. Pro Farmer estimated the U.S. corn yield at 168.1 bushels per acre, well below USDA's forecast, and USDA rated 54% of the crop good-to-excellent.
A smaller U.S. corn crop than expected tightens ending stocks and supports corn prices, with knock-on support for feed costs for buyers. Soybeans and wheat fell on higher global supply expectations.
agriculture.comReutersAug 31, 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.
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.
