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Soybean futures for January 2025 fell about 30% year over year to $9.95 per bushel on global oversupply and flat demand. Brazil is set for a record crop, and China's imports from the US have fallen, with possible tariffs cited as a risk.
Large Brazilian supply and weak Chinese demand point to continued pressure on soybean and meal prices unless weather disrupts Brazil or biofuel policy lifts demand.
terrainag.comBree BaatzDec 19, 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.
