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Soybean futures fell below $11 a bushel in mid-July 2024 for the first time since November 2020, reflecting more favourable-than-expected supply and weak export demand. The article describes a multi-year downtrend from a May 2022 high near $17.30.
A persistent bearish trend driven by ample supply and weak exports suggests soybean prices could keep falling, affecting feed costs for buyers.
internationalbanker.comJul 18, 2024Not 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.
