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Soybeans rallied sharply on commercial and technical buying after being oversold, with soybean products also higher. Old-crop export sales fell sharply after a Chinese cancellation, though new-crop sales were solid.
Further planting delays are expected in key US growing areas.
Chinese cancellations weigh on old-crop demand, but solid new-crop sales and planting delays support soybean and meal prices for feed buyers.
1230kfjb.comAshley AndersonMay 27, 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.
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.
