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July soybeans and corn fell to new multi-month lows on fund and technical selling. Good crop conditions and rain forecasts weighed on prices, while weekly export numbers were bearish and there was no public progress in trade talks with China.
Wheat was mostly modestly higher on speculative buying and weather concerns in Europe, the Black Sea and Australia.
Favorable U.S. crop conditions and weak export pace point to continued pressure on soybean and corn prices, while wheat draws support from weather risks in key exporting regions.
brownfieldagnews.comJun 7, 2018Not 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.
Fund and technical selling to multi-month lows on good crop conditions and stalled China trade talks set up the downward momentum.
