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Soybeans recovered after a sharp drop the prior week, with traders watching key price levels in a volatile market. December Chicago wheat closed at 550-1/4 cents, December corn at 366-3/4 cents, and December Kansas City HRW at 482-3/4 cents.
Live cattle, feeder cattle and Class III milk prices were also quoted.
This is routine price commentary with no new supply or demand driver. It reflects continued volatility in soybeans and firm wheat and cattle levels.
aginfo.netSep 29, 2020Not 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.
Quotes Dec KC HRW at 482-3/4 cents on Sept 29, the level reached after the large one-day move, and shows the market recovering from the prior week's drop, which supports a rebound-driven rally.
