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Soybean futures slipped on October 2 as soymeal fell $5.60 to $8.60 per ton in nearby contracts. USDA data showed August crush down 13.31% from July, and StoneX raised its US soybean yield estimate to 53.5 bpa.
Weaker meal prices and a higher US yield estimate point to ample soybean supply, pressuring soybean and meal values for feed buyers.
ibestmedia.comOct 2, 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.
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.
