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CBOT soybeans fell for a fourth straight session on March 30 on expectations of larger US planting, while corn was flat and wheat slipped after two days of gains. Technical notes point to further downside for soybeans toward the $13.76 to $13.95 range.
Expectations of more US soybean acres add to supply prospects and pressure soybean prices lower. Soyoil and meal may follow soybean weakness unless biofuel demand offsets it.
brecorder.comMar 30, 2021Not 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.
