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Soybean futures were mixed on May 28, with July soybeans near 12.43 and July soymeal near 384.9 as US crush demand stayed strong and the board crush hit 100 cents. Traders cited rumors of Chinese interest in US summer soybeans and some expectations of higher US acreage than USDA's 86.5 million.
Strong crush margins support soybean meal and soybean oil demand, while possible larger US acreage would add to future supply and weigh on prices.
admis.comSteve FreedMay 28, 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.
