Soybean futures rose eight cents to settle at 12.36 after the post-WASDE advance, with two-day gains of 51 cents as USDA raised export forecasts and trimmed ending stocks. December corn fell to 4.47 on weaker feed and export demand forecasts, while wheat rose on technical support.
Higher USDA export forecasts and lower soybean carryout support soybean prices, while weaker corn demand forecasts pressure corn values. Feed buyers may see corn cheaper and soymeal firmer.
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.