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Soybeans rose modestly on short covering, but most active contracts lost about $0.18 on the week. Corn fell on fund and technical selling, extending a weekly decline, while the weather outlook was described as non-threatening despite dry areas.
Chinese soybean demand has fallen due to African swine fever and lower Brazilian protein content, and US-China talks were set to begin in Shanghai.
Weak Chinese demand and ample corn supplies weigh on prices, while the Shanghai talks are the main near-term upside risk for soybeans. Feed buyers should watch the outcome for signs of renewed export demand.
brownfieldagnews.comJul 26, 2019Not 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.
