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International soybean prices fell to a nearly four-year low on August 14 on expectations of a high US crop and a new high in global oilseed output. Domestic Chinese soybean meal prices dropped to their lowest since September 2020.
Global oilseed oversupply and the multi-year low in soybean and meal prices lower feed protein costs, though analysts see limited room for further declines.
sunsirs.comAug 15, 2024Not 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.
International soybean prices hit a nearly four-year low on Aug 14 on expectations of a big US crop and record global oilseed output.
