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Soybeans fell sharply on fund and technical selling, with May contracts at a nine-month low. Unknown buyers purchased 123,500 tons of U.S. beans, though Brazil holds a price advantage.
Soymeal and soyoil also declined, while corn moved lower with the broader market.
Brazil's competitive pricing limits US export demand, and weaker crude weighs on soyoil and corn. Price pressure on feed ingredients persists while Brazilian supplies dominate.
brownfieldagnews.comMar 9, 2020Not 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.
