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Soybean futures fell nearly 1% to their lowest since early March as the US dollar index recovered from its February 20 lows. The move followed US data showing stronger-than-expected February job gains and a wider January trade deficit.
Weekly USDA inspections showed soybean shipments above the prior week and year-ago levels.
A firmer dollar makes US soybeans more expensive for overseas buyers and pressures futures. Feed buyers may see slightly lower soybean meal costs unless export demand picks up.
economies.comRami HaddadMar 7, 2018Not 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.
