
December corn rose slightly to $4.44 1/4 after hitting a four-month low early in the session. January soybeans fell 11 3/4 cents to $12.02 1/4 and hit a 2.5-month low, while December soybean oil dropped to a six-month low as crude oil fell sharply late in the day.
Wheat contracts also hit four-month lows before recovering partly.
Sharp crude oil weakness pulled soybean oil lower, reducing the value of crushing margins and weighing on soybean complex prices. Buyers of soybean meal and feed should note that meal was relatively firmer, so the bearish pressure is concentrated in oil and beans.
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.