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Chicago corn and soybeans rose on Friday in a technical rebound from multi-month lows, while wheat regained ground after nearing a two-year low. Traders cited tepid US exports, large global supplies, and improved odds of a US debt deal.
The IGC raised its 2023/24 world corn crop forecast on bigger Brazil and China outlooks.
Large Brazilian and global supplies are capping corn and soybean prices, and the rebound is largely technical. Feed buyers face a market where ample export competition keeps prices under pressure.
financialpost.comReutersMay 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.
