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Chicago soybean futures fell on Thursday, giving back the previous session's gains as harvest supplies from the US and South America weighed. The most-active CBOT soybean contract was down 0.18% at $9.89-4/8 a bushel, with corn and wheat also slightly lower.
USDA raised its Argentina 2024/25 soybean production forecast to 52 million tons and confirmed private sales of US soybeans to China.
Heavy harvest availability in the US and South America keeps soybean and meal supply comfortable, which is bearish for feed input prices. Confirmed China purchases offer modest support.
brecorder.comReutersOct 31, 2024Not 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.
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.
