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CBOT November soybeans had their biggest downturn since May, falling nearly 7% from their July 24 high for the year. The article notes export margins have been smaller than in years when USDA yield surprises were to the upside.
Strong US export demand against benign weather and an upcoming USDA report frames the near-term soybean price outlook, with the report a key catalyst for meal costs.
reuters.comKaren BraunAug 4, 2023Not 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.
