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Soybeans closed higher on fund and technical buying, supported by strong soyoil and vegetable oil prices and bullish crush margins. Soymeal fell, with December closing below $300 per ton, while wheat ended down.
Corn was mixed, with export sales still above average.
Strong oil values and crush margins support soybean demand, while weaker meal values pull on the feed-protein price. Wheat's decline reflects weaker sentiment in the grain complex.
brownfieldagnews.comJohn PerkinsOct 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.
