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USDA's August 12 crop reports projected record US corn and soybean production, and futures fell on the report before rebounding overnight. Soybeans led gains in overnight trade on strong Chinese demand and concerns over flooding.
Strong Chinese import demand and flood-related supply worries support soybean prices, partly offsetting the bearish effect of record US output.
farmprogress.comAug 15, 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.
