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CBOT futures sold off after the open as a strengthening US dollar reversed a two-month downtrend. Soybeans and corn showed bearish technical signals, though estimated production losses in Argentina soybeans and Brazil corn offered fundamental support.
Kansas City wheat neared its contract low and cattle futures rose on short covering.
Argentine soybean and Brazilian corn crop losses support feed grain prices, but a firmer dollar and fund selling offset that support in the near term.
kyfb.comMay 3, 2016Not 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.
