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CBOT soybean and corn futures may struggle to rise in the short term as US harvest progresses and supplies build. Analysts expect prices could trend lower, while Argentine planting and rains could shift some acres from corn to soybeans.
Additional crushing capacity coming online by late November should increase meal supplies.
Harvest pressure and rising meal supply are bearish for soybean and corn prices, while strong renewable diesel demand for soyoil continues to support the oil side of the crush.
grainews.caPhil Franz-Warkentin, GFM Network NewsOct 26, 2023Not 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.
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.
