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July corn closed at a three-month high on May 3, 2024, and soybeans rallied 16 cents to $12.15 with soymeal up $7.30. July SRW and HRW wheat also gained on the day, and cotton rose.
Weekly gains were posted across corn, soybeans and wheat.
Broad strength in corn, soybeans and meal raises feed input costs for buyers. Late-week gains in winter wheat suggest continued speculative buying into the following week.
profarmer.comPro Farmer EditorsMay 3, 2024Not 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.
Soymeal closed up $7.30 on May 3, the final trading day of the window, with soybeans rallying.
Soymeal rose $7.30 and soybeans rallied 16 cents on May 3, adding to the 5-day gain.
Meal up $7.30 on May 3 as soybeans rallied, part of the 5-day gain.
