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Chicago corn and soybean futures are expected to trade in ranges this week, with weather the main focus. Traders cite talk of a cooler, wetter June and large South American stocks that cap upside.
July soybeans lost about 27 cents over the week, partly on Brazilian currency weakness linked to the investigation of President Temer.
Wet-weather risk offers support to corn and soybeans, but heavy South American supplies and large U.S. ending stocks limit price gains.
manitobacooperator.caGFM Network News, Jade MarkusMay 24, 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.
