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CBOT corn and soybean futures reached their highest since mid-June on July 1, following the USDA planting report. Soybean export sales of 1.763 million tonnes in the week to June 24 were near the top of forecasts.
Wheat futures fell back after reaching their highest since June 10.
Support from the acreage report and firm export demand lifts corn and soybean prices, while wheat's pullback shows it is not following the rally.
financialpost.comReutersJul 1, 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.
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.
On July 1 soybeans reached their highest since mid-June after the USDA report, with export sales near the top of forecasts, confirming the end of the 5-day rally.
