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Grains fell overnight after a sharp breakdown on Monday, with corn, soybeans and all wheat classes lower in pre-open trade. Pro Farmer kept its corn and soybean yield estimates and reported that USDA crop condition ratings were slightly lower.
Technical selling and a stronger dollar pressure grain prices lower, which eases feed cost pressure for buyers in the near term.
profarmer.comLane AkreSep 19, 2023Not 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.
Grains broke sharply on Monday Sept 18 with corn lower, showing the selloff within the 5-day window.
The pre-open report describes a sharp breakdown in grains on Monday with corn lower, which confirms the selloff on the move date, though it is mostly descriptive rather than causal.
Grains fell sharply after a breakdown on Monday, showing continued technical and momentum selling in corn within the window.
