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Grain and oilseed futures were mostly higher on the week, led by soybeans breaking trend resistance and corn posting a bullish outside week. Wheat rebounded from fresh lows on Ukraine-Russia escalation and dryness in the region.
Lean hog futures rose for a third straight week on fund short-covering and firm pork demand.
Dryness in the Corn Belt and China's stronger soybean demand support grain prices, although large US and expected Brazilian crops cap gains. Geopolitical risk in the Black Sea and firm hog demand add to near-term support for feed and meat prices.
agrimarketing.comSep 3, 2024Not 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.
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.
