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Grain and soybean futures rebounded overnight as bargain hunters returned after a large selloff the prior day. USDA data showed weekly soybean export sales fell 38% week over week to 228,000 metric tons, with Egypt and Indonesia the largest buyers.
Dry conditions in the northern Plains remained a concern.
The overnight rebound reflects short-term buying, while weaker export demand limits upside for soybeans. Dry northern Plains weather could support prices if rainfall stays scarce.
agriculture.comTony DreibusJul 14, 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.
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.
