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Corn, soybean and wheat futures plunged after improved US weather and what Agrimoney called bearish USDA crop data. Cocoa, coffee and sugar futures rose over the same period.
The article is a republished news summary.
Improved weather and bearish USDA data reduce the risk premium in feed grains, which lowers feed costs. The divergence in softs does not directly affect feed grain prices.
ctrmcenter.comCTRM Center CommunityJul 13, 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.
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.
