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CBOT soybeans rose for a second session as soyoil climbed nearly 2% on demand from biodiesel, after EIA data showed May soyoil used for biodiesel at 778 million pounds. CBOT December corn ended a monthly decline of nearly 7% as improved Midwest weather raised prices' bumper-harvest outlook.
Strong biodiesel demand supports soyoil and soybean crush economics, which lifts soybean meal supply costs, while improved US weather points to lower corn prices for feed buyers.
financialpost.comReutersJul 31, 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.
