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Soybeans and corn closed lower on fund and technical selling, with outside market spillover and soymeal weakness. Uncertainty over Chinese demand amid global economic concerns and Chinese holidays weighed on sentiment.
Brazil's dry central region is a watch item for its second corn crop.
Questions about China's import demand and weaker outside markets pressure soy and corn prices, while strong crush and ethanol demand provide support. Brazil's second-crop dryness could tighten corn supply later.
brownfieldagnews.comMay 3, 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.
