Loading…
Soybeans closed up 15.75 to 33.75 cents on Monday to reach a four-month high, with July at $12.48-3/4. Soymeal rose $5.40 to $15.40 per ton and soyoil bounced from contract lows.
US crop progress showed 25% planted as of May 5, ahead of the five-year average.
Heavy rain in flooded southern Brazil delays harvest and cuts supply, supporting soybean and meal prices. Planting pace in the US is a counterweight.
barchart.comAlan BruglerMay 6, 2024Not 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.
Soy futures hit multi-month highs on May 6 on Brazil flood concerns, spilling into meal prices.
