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Soybean futures traded in a 50-cent range in the week to November 18, with January closing near $14.36. Funds cut their soybean long but raised soyoil to the strongest net long since February 2021.
Argentina remains dry and China continues buying.
Fund buying in soyoil and dry Argentine weather support oilseed prices, while thin Thanksgiving trade limits moves. Rising fuel use of soyoil tied to the energy market supports demand.
saskcanola.comWritten By SaskOilseedsNov 21, 2022Not 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.
