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US farmers are shifting acreage toward soybeans to limit losses as prices for all major crops slump. Analysis cited by Reuters says processor demand will not offset historically large global supplies.
Heavier US soybean plantings and large global stocks point to lower soybean and meal prices, while weak farm incomes could affect future feed demand.
reuters.comKarl PlumeJun 4, 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.
