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CME soybean futures rose nearly 11% in the week ending June 9, 2023, while orange juice fell another 7.9%. Wheat rose 1.8%, corn declined 0.5%, and the Bloomberg Commodity Index gained 1.1%.
Soybean strength and corn weakness in the weekly wrap signal shifting relative values for feed ingredients, though the report describes moves without a clearly new single cause.
traderscommunity.comKnovaWaveJun 11, 2023Not 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.
