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Soybeans closed lower on profit taking and technical selling, while bean oil rose on product spread adjustments. NOPA reported June soybean crushing of 145.05 million bushels, a new monthly record.
Corn and wheat also finished lower on technical selling and ample supplies.
A record crush supports soybean meal output and demand, but the broader session was driven by technical selling and expectations of large crops, which keeps near-term grain and meal prices under pressure.
brownfieldagnews.comJohn PerkinsJul 15, 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.
