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Grain and oilseed futures remained at multi-year highs in late April 2021, with soybeans reaching $16.0875 on the nearby contract, the highest level since July 2013. The analysis points to a rally that began in August 2020 and continued through a steady month of gains.
Multi-year highs in soybeans, corn and HRW wheat reflect tight supplies and strong demand, keeping feed costs elevated for buyers. Overbought conditions raise the risk of corrections even as the trend remains bullish.
news.cqg.comAndy HechtMay 2, 2021Not 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.
