Loading…
DTN says July soybeans fell below support on January 2 and closed at a six-month low of $12.69 3/4 after rains improved central Brazil. Soymeal has turned bearish since December as prices hit two-month lows.
Improved Brazilian crop prospects and expectations of larger South American supplies weigh on soybean and meal prices, lowering feed costs.
dtnpf.comTodd HultmanJan 8, 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.
