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Corn, soybeans and wheat fell on Feb. 2, 2021 as technical selling and profit-taking followed January's multiyear highs.
Corn dropped more than 1% despite another large flash sale, soybeans sagged about 0.8%, and most wheat contracts lost nearly 1%.
Profit-taking after a rally trims near-term price levels, while continued flash sales support demand; buyers may see softer grain costs in the short run.
mcgg.netFeb 2, 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.
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.
Feb 2 technical selling and profit-taking after January multiyear highs pushed wheat down nearly 1%, adding to the week's loss.
