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Wheat and corn rebounded on Monday while soybeans sold off on commercial and technical selling and good Argentine rainfall. Soybean oil closed higher on crude oil strength despite a large drop in Malaysian palm oil futures, and China reported a 24% rise in soybean output.
Rains in Argentina and a larger Chinese crop weigh on soybean and meal prices, while crude oil strength supports soybean oil and vegetable oil values.
brownfieldagnews.comDec 12, 2022Not 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.
