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CBOT soybeans fell 3 to 5 cents on July 28 as selling continued after a sharp Monday drop and lower oil prices. USDA cut the soybean good-to-excellent rating to 63% from 66%, and China's Sinograin plans to auction about 500,000 mt of imported soybeans.
Sinograin's auction clears state stocks to make room for US beans, which supports US export demand, but lower crude prices weigh on the soy complex.
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.