
December corn fell 5 3/4 cents to $4.42 1/2 and hit a four-month low, while January soybeans dropped to a 2.5-month low and December soybean meal fell to $318.00. December winter wheat (HRW) and SRW both declined, with HRW hitting a four-month low, and cotton also slipped to a four-month low.
Ongoing harvest hedge selling and chart-based speculative selling are pressuring corn, soybeans, meal and wheat, which keeps feed ingredient prices under pressure for buyers. Weaker crude oil also limited buying interest in cotton and softened the broader complex.
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.
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.