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U.S. soybean futures fell back from two-year highs on Friday as investment funds took profits after a sharp weekly rally. Wheat firmed on heavy rains in western Europe, and rain in Argentina raised concerns about its soybean harvest.
Profit-taking by funds weighs on soybean prices in the short term, though Argentine harvest losses limit the downside for feed-related markets.
agweek.comMark Weinraub/ReutersJun 3, 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.
