
ADM's morning outlook on June 25 notes grains lower with Midwest temperatures easing, and reports that US soybean crush is rising. Some estimates put June 1 US soybean stocks at 984 million bushels versus 970 a year earlier, and a crop scout estimated the US soybean crop at 4,252 million bushels versus USDA's 4,340.
Higher crush produces more meal as a byproduct, adding supply that weighs on soymeal prices. Bigger crop and stock estimates also add bearish pressure on soybeans.
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.