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An analyst notes that corn and soybean prices rallied in early June on weather concerns, then fell back sharply, with December corn dropping 30 cents after a 20-cent rally. The author expects ample carryover supplies to cap prices.
A failed weather rally with about 2.3 billion bushels of carryover suggests limited upside for corn and soybeans unless weather turns severe.
farmprogress.comRichard BrockJun 29, 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.
