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US corn futures fell more than 2% on July 19 and soybeans also declined on optimism for sizable US crops and rain forecasts, despite hot, dry pockets. USDA rated 64% of corn good-to-excellent, unchanged, and 61% of soybeans, down one point.
Wheat pared gains after Egypt's state buyer cancelled an international tender.
Stabilizing US crop ratings and rain forecasts lower weather premium, pointing to softer corn and soybean meal costs for feed buyers; the Egypt tender cancellation weighs on wheat as a feed alternative.
brecorder.comReutersJul 20, 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.
