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Corn and soybean futures bounced back on Friday after a historic Thursday collapse, when soybeans had their largest single-day drop since the 1980s. The drop was driven by cooler, wetter forecasts and liquidation by heavily long speculators.
Weather-driven fund liquidation has sharply reset prices, and analysts say sustained gains will require new bullish factors, leaving prices volatile.
agweb.comJun 24, 2021Not 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.
