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Soybeans and corn closed modestly higher on commercial and technical buying. NOPA reported a record December crush of 166.4 million bushels, and bean oil stocks rose while meal production and exports increased.
South American weather and a USDA Argentina soybean outlook cut were also cited.
A record crush supports meal supply and demand, while South American dryness and weather risks support soybean prices.
brownfieldagnews.comJan 16, 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.
