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Corn, soybeans and wheat all opened the week lower. Traders focused on weaker-than-expected Chinese economic data, which triggered a broad commodity selloff including crude oil.
Rain was forecast across the Midwest and Plains.
Expectations of weaker Chinese demand reduce export outlooks for U.S. grains and oilseeds. Lower crude prices also weigh on ethanol and biofuel-linked demand.
theseam.comAug 15, 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.
Grains opened lower on China demand uncertainty, a broad commodity selloff including crude oil, and Midwest rain forecasts.
