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Corn rose 1-3 cents, soybeans gained 8-12 cents, soymeal rose $0.50 per ton and soyoil rose $0.60 per pound in early trade. Chicago and Kansas City wheat advanced 3-4 cents.
USDA data showed Illinois input prices jumped over the prior two weeks because of seasonal demand and Chinese phosphate and urea restrictions.
Grain and oilseed moves were modest and routine. The fertilizer cost surge is a background cost factor for the next crop, not a direct new supply shock to feed grains.
planterscoop.comOct 8, 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.
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.
