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A weekly farm broadcast covering biodiesel demand from EPA's proposed RVO, lower confirmed US corn yields, strong Mexican corn export demand, and rising freight costs. It also notes soybean stocks-to-use at a 2023 low, a record Russian-Ukrainian wheat stock position, and fertilizer shortages in Ohio.
Biodiesel-driven soybean oil demand and tight US soybean stocks support prices, while record wheat stocks and strong Southern Hemisphere crops offset some supply concern.
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.