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US grain futures fell as farmers weighed selling harvested grain now or storing it. Corn settled at $5.73 a bushel, 22% below its May eight-year high, while Chicago wheat dropped from near-decade highs.
China's push for winter food security raised doubts about its demand for US corn and soy.
Weaker Chinese import appetite combined with harvest selling pressure weighs on corn and soybean prices, while soymeal strength partly offsets this.
airfreight.newsBloombergNov 2, 2021Not 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.
