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The IGC said average international soybean values fell about 3% in its October 17 report, with broad declines across origins. Rapeseed prices were firmer, supported by Canadian crop worries and short covering.
Improved crop prospects and the USDA's larger global harvest outlook point to softer soybean and meal values, while firm rapeseed supports canola meal and oilseed complex prices.
world-grain.comChris LyddonOct 21, 2024After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
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.
