Chinese buyers' orders for US soybeans and USDA's November cut to US production and stocks lifted global soybean futures, while Brazilian output forecasts were lowered after heavy rain. Soybean futures later peaked and retreated as high import costs slowed US sales and Brazil's cheaper beans drew buyers.
Higher imported soybean costs lift mill willingness to raise meal prices, but slow US sales and seasonal livestock feed demand will determine whether meal support holds into year-end.
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.