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CBOT soybean futures fell 1.2% on profit-taking after a 4.5-month high, with January beans down 13.5 cents to $10.42.5. Corn and wheat also fell for a fourth straight session on ample global supplies, and several SRW contracts hit new lows.
Crude oil dropped about 4% as OPEC members struggled to agree on production cuts.
Liquidation of speculative long positions and falling crude oil weakened soybean prices. Ample global grain supplies keep corn and wheat under pressure.
grainews.caGFM Network NewsNov 29, 2016Not 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.
