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Chicago soybean futures hovered near multi-year lows on January 29, 2024, after rains in Brazil and Argentina suggested plentiful supply. The Buenos Aires Grains Exchange raised its Argentine soybean estimate to 52.5 million tonnes and its corn estimate to 56.5 million tons.
Larger South American crops and a shrinking Chinese hog herd reduce import demand, keeping soybean and meal prices under downward pressure.
brecorder.comReutersJan 29, 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.
