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Soybeans closed modestly higher on commercial and technical buying, with strong demand and US Gulf prices trading below Brazil's ports. Soybean meal weakened while bean oil firmed, and corn and wheat hit new lows.
Russian firm IKAR raised its Russian wheat production outlook to 79-82 million tonnes.
Strong US soybean demand and a higher Russian wheat outlook point to firm soybean prices and continued pressure on wheat, with meal weaker against oil.
brownfieldagnews.comJohn PerkinsAug 24, 2017brownfieldagnews.comJohn PerkinsAug 22, 2017Not 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.
