
July corn fell 7 cents to $4.17 1/2, a contract low, and lost 29 1/4 cents for the week. July soybeans hit a four-month low and soymeal a nearly four-month low, while July SRW and HRW wheat hit seven-week lows.
A rally in the US dollar added pressure across grains and oilseeds.
Broad selling and a stronger dollar lower export competitiveness and reduce feed grain and oilseed meal values.
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.
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.
July corn fell to a contract low, down 29 1/4 cents on the week, with a stronger US dollar adding pressure; this directly describes the move.
Pro Farmer's weekly wrap shows soymeal at a nearly four-month low during the window as grains sold off and a stronger dollar added pressure.
Soybeans hit four-month lows and a stronger US dollar pressured grains and oilseeds, confirming the broad selloff.
Soymeal hit a nearly four-month low on June 5 amid a US dollar rally and broad grain weakness, setting up downside momentum and technical selling into June 8.