Chicago corn futures fell to their lowest level since July 1, while January soybean futures dropped 1.16% to $11.8825 per bushel, pressured by expectations of abundant U.S. production. The report also covered domestic Thai prices for fishmeal, rice, soybean meal and livestock, and said traders were awaiting the next USDA monthly report.
Expectations of ample U.S. grain supplies weigh on corn and soybean prices, potentially easing feed-input costs. The near-term market direction may shift with the forthcoming USDA estimates.
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.