
December corn rose 3 cents to $4.45 1/2 and January soybeans gained 12 1/2 cents to $12.31 1/2 on short covering and bargain buying. Soybean meal and bean oil also rose, and December SRW and HRW wheat gained modestly after touching four-month lows early in the session.
Gains were capped by a surging U.S. dollar index at a 1.5-year high.
Higher soybean meal and corn prices raise feed input costs for buyers, while the firm dollar limits export competitiveness and caps further rallies. Wheat remains near multi-month lows, so the near-term price bias for feed grains is mixed.
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.