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US soybeans and corn fell on profit taking and technical selling as of May 8, 2017. Planting was behind last year and the five-year average, with 14% of soybeans and 47% of corn planted.
China reportedly bought more than 8 million tonnes of soybeans in April, a record for the month, and weekly export inspections were bullish.
Routine price commentary with a strong China purchase offering underlying support, but the moves mainly reflect technical selling rather than a new supply shock.
brownfieldagnews.comJohn PerkinsMay 8, 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.
