Loading…
Chicago soybeans rose in the week ending October 25, with November futures closing at 987.75 cents per bushel, up 1.8% on the period. StoneX said fundamentals were largely unchanged, with US harvest pressure and record Brazilian production estimates offsetting bullish factors such as Chinese stimulus and a net short speculative position.
Record South American and US supplies cap upside, but funds' short positioning and Chinese demand measures leave room for rebounds in soybean and meal prices.
stonex.comStoneX Intelligence BrazilOct 28, 2024Not 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.
