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Chicago soybean futures fell 2.2-2.4% on May 19, 2021, to a two-week low. The decline followed forecasts of heavy rain in US growing areas and rising Brazilian and Argentine export offers.
Canola and European rapeseed futures also fell.
Expected rain improves US new-crop prospects and heavier South American exports add supply. Both factors weigh on soybean prices.
graintrade.com.uaMay 20, 2021Not 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.
