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Soybeans rallied sharply on commercial and technical buying, with November 2021 and January 2022 contracts above $14. Tight supply, strong domestic crush and global vegetable oil demand supported prices, while Brazilian crop concerns lifted corn as well.
Argentina's soybean harvest was 53% complete versus a 66% five-year average.
Tight old-crop supply and slow Argentine harvest progress support soybean and corn prices, raising feed ingredient costs for buyers.
brownfieldagnews.comMay 7, 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.
