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U.S. wheat, soybeans and corn fell sharply on Friday as investors took profits after a strong weekly rally. Extended weather outlooks were seen as beneficial for crops.
Soybeans were on track for a 5% weekly gain and wheat near 7%.
Profit-taking and benign weather forecasts reduce the risk premium built up earlier in the week, pressuring feed grain and oilseed prices lower in the near term.
agweek.comMichael Hirtzer/ReutersApr 22, 2016Not 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.
