
CBOT November soybeans settled 8.75 cents lower at $10.01-3/4 per bushel, and December soymeal fell $2.10 to $273.30 per short ton. The USDA reported 316 million bushels of soybean stocks as of September 1, below the 323 million analysts expected.
China has not bought U.S. soybeans, and the harvest was 19% complete.
Weak export demand with China absent and heavy harvest supply keep U.S. soybean and meal prices under pressure, although the stocks figure came in below expectations.
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.