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CBOT soybeans closed higher, snapping a three-session slide, while corn and wheat rebounded from contract lows as fund selling paused. Forecasts for above-normal precipitation pointed to further U.S. planting delays, and soymeal rallied back above $300 per short ton.
Planting delays can reduce yield expectations and support grain and meal prices. The rebound partly reflects technical factors, so the move may be short-lived.
grainews.caGFM Network NewsApr 25, 2019Not 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.
