Loading…
December corn fell 1.5 cents to $5.24 a bushel and was down 5.4% for the week, with technicals turning bearish. November soybeans rose 8.75 cents to $12.92, and December soybean meal hit a nine-month intraday low of $338.40 while soybean oil rose slightly.
China bought more U.S. soybeans, and the market awaits USDA's September 10 reports.
Expectations of higher U.S. corn production and a soybean meal slump point to lower feed ingredient prices, while Chinese soybean buying gives soybeans some support.
profarmer.comPro Farmer EditorsSep 3, 2021Not 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.
