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Analyst Dale Durchholz said corn and soybean prices may be running out of upward momentum without new evidence of tighter supplies. He noted that dollar weakness could support commodities near term, while early concerns about Brazil and Argentina supply are emerging.
Commentary suggests limited near-term upside for corn and soybeans unless supply tightens, and a weaker dollar provides some support. It is a routine market view with no new causal event.
brownfieldagnews.comTom SteeverNov 24, 2020Not 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.
