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Most-active CBOT soybean futures bottomed at $12.36 per bushel on Monday, the lowest since December 2021, and settled about 10% below their mid-November peak. The start of 2024 marked the weakest opening for the date in four years.
Soybean prices falling to multi-year lows signal ample supply relative to demand, which keeps feed-ingredient costs favorable for buyers in the near term.
reuters.comJan 9, 2024Not 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.
