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Brownfield's daily wrap says soybeans, corn and wheat rose on commercial and technical buying, while soybean oil fell. USDA raised its 2016/17 soybean oil for biodiesel estimate to 6.2 billion pounds following the EPA revision, and Japan bought US and Canadian wheat.
Higher USDA biodiesel use estimates support soybean oil demand, while the meal and oil spread shift affects crush margins and feed meal values.
brownfieldagnews.comJohn PerkinsDec 9, 2016Not 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.
