Loading…
Friday night futures closed higher for grains and oilseeds, with CBOT wheat up 5.75 cents, corn up 6.5 cents and soybeans up 18.25 cents. Soybean gains reflected South American production concerns tied to dryness in Argentina and La Nina expectations.
Soybean meal rose $7.70 per tonne.
Dry weather risk in Argentina and southern Brazil supports soybean complex prices and feed meal values heading into the South American crop season.
graincentral.comGuest AuthorNov 19, 2017After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
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.
