Loading…
DTN analysis says Dalian May soybeans hit a new contract low in 11 sessions, with soymeal and soy oil also dropping sharply. US soybean demand had looked strong, with USDA raising its export estimate to 2.015 billion bushels in March.
Sharp declines in Chinese and Dalian complex prices signal weaker global soy demand sentiment, pressuring soybean and meal values for feed buyers.
dtnpf.comTodd HultmanMar 24, 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.
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.
