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Grain and soybean futures closed higher after USDA's acreage report showed smaller-than-expected corn plantings. StoneX analyst Arlan Suderman said a sustained rally needs hotter, drier July weather and unanticipated Chinese buying.
Tighter corn acreage and weather risk support prices, but the rally depends on weather and export demand that is not yet confirmed. Feed costs could firm if these conditions develop.
brownfieldagnews.comJun 30, 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.
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.
