
On Tuesday, CBOT corn fell 5.75 cents to $4.425/bushel, a four-month low, and soybeans fell 2.75 cents to $12.14, a two-and-a-half-month low. USDA forecast record US soybean output and second-largest corn crop, while export sales lagged last year.
Heavy US harvest expectations and weak export demand point to lower corn and soymeal prices. Analysts expect USDA may cut US corn export forecasts in the next WASDE.
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.