CBOT soybean futures fell from contract highs on August 31 as traders took profits and wheat and corn weakened. Oil rose more than 2% after US-Iran military action resumed, and exporters sold 159,000 MT of soybeans to unknown destinations.
New-crop November soybeans settled unchanged at $12.88 per bushel.
Profit-taking offsets crude-driven support, but solid export sales and biofuel-linked crude moves keep the soybean complex supported.
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.