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Soybeans eased on profit taking and technical selling, giving back part of Monday's gains. China bought 119,000 tonnes of new-crop US beans, and soybean meal fell while bean oil rose on product spread adjustments.
Key growing areas face flooding or drought even as the USDA projects a record crop.
Chinese buying provides a floor under soybean prices while the record crop outlook caps gains. Lower meal and higher oil reflect spread shifts that affect the cost of protein feed.
brownfieldagnews.comJohn PerkinsAug 16, 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.
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.
