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Soybeans, soymeal and oil fell on profit taking and technical selling, with the broader markets weaker on coronavirus concerns and bank reports. China and unknown buyers each took 132,000 tons of US new-crop soybeans, and Pakistan took 171,000 tons.
USDA rated 63% of US soybeans good to excellent, and corn was 61% good to excellent.
Steady export sales and good crop ratings support the balance sheet, but profit taking and a firmer dollar weigh on near-term prices for meal, oil and corn.
brownfieldagnews.comSep 21, 2020Not 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.
Same-day report cites profit taking, technical selling, a higher dollar and virus concerns across grains, which supports a broad-based sentiment-driven decline.
Soybeans, meal and oil fell on profit taking and technical selling on Sept 21, contributing to the drop.
