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CBOT July corn settled down about 7 cents at $3.67 a bushel, its lowest since May 19, ahead of the USDA's first weekly crop condition ratings. Analysts had expected 68% of the crop to be rated good to excellent.
Expectations of improving Midwest weather reduce the weather premium in corn, which pressures feed grain prices in the near term.
brecorder.comMay 31, 2017Not 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.
