US soybean futures closed weaker on May 26, with July soybeans down 10.5 cents to 1186 cents/bu and July meal down $3.30 to $328.60/short ton. US planting reached 79%, well ahead of average, and crop emergence is fast.
Canola and rapeseed futures rebounded sharply.
Rapid US planting and favorable crop conditions build expectations of a large harvest, weighing on soy and meal prices. Vegetable oil rebound supports oilseed complex values.
Not enough comparable past events yet for a historical read.
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.