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Grainews commentary says grain and oilseed markets remain bearish, with war risk premiums gone and Ukrainian strikes on Rostov and Novorossiysk ports drawing little reaction. USDA's record US soybean crop of 4.59 billion bushels pushes projected 2024-25 soybean ending stocks to 560 million bushels, weighing on oilseed futures.
Record US soybean supplies and rising ending stocks keep soybean meal and oilseed prices under pressure, lowering costs for protein feed buyers.
grainews.caBruce BurnettSep 18, 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.
