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Grains and oilseeds closed lower on Friday as improved weather and a slightly negative USDA report weighed on markets. Corn was the main drag, and old-crop soybean carryout came in 540 kmt below expectations.
Canola fell sharply on currency moves and weakness in outside markets.
Improved weather and a bearish corn report lower near-term feed grain prices. The tighter soybean balance sheet may support soybean meal if weather turns dry again.
graincentral.comGuest AuthorJul 12, 2017Not 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.
