SPECULATORS made relatively minor changes to their Chicago grain and oilseed positions before the large US government data release last Friday, which gave way to some multi-month or multi-year lows across the board.
That data, which included the US Department of Agriculture’s (USDA) first official cut at 2023-24 supply and demand, revealed larger-than-expected supplies for corn, soybeans and wheat globally, and for US corn and soybeans.
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