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Soybeans posted a $1 weekly loss as traders exited the market, while corn and wheat also declined. Analyst Randy Martinson said fundamentals such as aggressive exports should still support soybeans, but improved South American rains weigh on corn.
Wheat fell after Russia dropped plans for an export quota, and cattle and hogs improved.
Russia's retreat from an export quota removes a potential supply restriction and weighs on wheat. Improved meat prices support livestock sentiment, though weak feed grain prices lower feeding costs.
agweek.comMichelle RookJan 22, 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.
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.
