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Soybeans closed higher on commercial and technical buying and spillover from meal, though export demand is slow and supplies are ample. Soybean meal rose sharply while soybean oil fell.
Corn and wheat also gained, and Statistics Canada reported lower canola and soybean acreage for 2018.
Stronger meal prices raise the cost of protein feed, while lower Canadian oilseed plantings tighten the outlook for oilseed meal supply.
brownfieldagnews.comApr 27, 2018Not 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.
