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Soybeans and corn recovered some recent losses on fund and technical buying. Old-crop weekly soybean sales were 7 million bushels, mainly to the Netherlands and Egypt, with no reported old-crop sales to China.
Corn traders are watching US planting delays that may lead to replanting, prevented planting, or acreage shifting to soybeans.
Planting delays and possible acreage switching create uncertainty for US supply, while slow export demand and Brazil's dominance of soybean exports limit upside.
brownfieldagnews.comJohn PerkinsJun 6, 2024Not 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.
