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Soybeans and corn both closed modestly lower on fund and technical selling in thin trade. Rain delayed harvest in some US areas, and parts of Brazil remain dry, with Mato Grosso's soybean planting drawing attention.
Iran reportedly passed on a tender for South American soybean meal, and traders were awaiting Thursday's USDA report.
Routine fund selling pushed prices lower, but delayed Brazilian planting in Mato Grosso could slow the second corn crop and tighten supplies later. Feed buyers should watch the USDA report and Brazil's planting pace for any change in direction.
brownfieldagnews.comJohn PerkinsOct 9, 2017Not 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.
