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Soybeans and corn fell on Tuesday after the USDA raised U.S. production, yield and new-crop ending stocks above expectations. Soybeans dropped below $12 a bushel on fund and technical selling, and soybean meal and oil also declined.
Corn production and yield rose when most analysts expected a cut, and corn closed near session lows.
Bigger-than-expected crops and stocks lower feed corn and soybean meal values, which reduces feed ingredient costs for buyers in the near term.
brownfieldagnews.comOct 12, 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.
