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Nearby soybeans fell about 9 to 14 cents on Thursday and soymeal lost roughly $2 per ton, with bean oil down sharply. NOPA reported a three-year low December crush of 177.5 million bushels, and Brazil's soybean harvest was 0.6% complete, behind last year's pace.
A weak NOPA crush and lighter soymeal demand point to bearish domestic meal conditions, though a slow Brazilian harvest offers modest support. Lower soybean and meal prices benefit feed buyers.
barchart.comAlan BruglerJan 19, 2023Not 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.
