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Soybeans and corn closed higher ahead of Easter on short covering and technical buying, while soybean meal was mixed and soybean oil rose. Weekly export sales were bearish for soybeans as Brazil held a price advantage, but corn sales hit a marketing-year high.
CONAB estimated Brazil's soybean crop at 122.1 million tons, and low Parana River levels are limiting Argentine barge traffic.
Brazil's competitive pricing and Parana River constraints shape where soybean export demand lands. Strong corn sales support nearby corn values despite the bearish USDA stocks increase.
brownfieldagnews.comApr 9, 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.
