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Soybeans were mostly lower on spread adjustments while corn drifted down on fund and technical selling, with the trade watching Midwest development weather. No new Chinese export sales were announced despite rumors of Chinese return, and EIA data showed US ethanol output well below 2019 levels.
Absent new export sales and with a large crop expected, corn and soybean prices lack upward momentum, though weather risks and China's needs for beans remain supportive.
brownfieldagnews.comJul 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.
