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Soybeans and corn closed lower on commercial and technical selling, with good South American weather. Soybean meal fell while bean oil rose, and US October soybean crush reached 176 million bushels, up 6 million year on year.
Wheat was mixed, with Japan buying 92,000 tons of US wheat and 66,000 tons from Canada.
Soybean meal weakness relative to oil reflects a bearish meal outlook, while strong crush supports meal output; good South American conditions limit upside for grains.
brownfieldagnews.comJohn PerkinsDec 1, 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.
