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Corn futures rose on commercial and technical buying after the USDA's first national corn condition rating came in at 65% good to excellent, below expectations. Soybean planting is running slower than average, and wheat markets were mixed after a lower winter wheat condition rating.
A below-expected initial corn rating and slow planting raise the risk of a smaller crop, which supports corn prices and feed costs. Soybean meal and oil are mostly flat to lower on weak crush demand from China.
brownfieldagnews.comJohn PerkinsMay 31, 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.
