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U.S. soybean futures hit a seven-month high on technical buying and a rally in soyoil tracking energy and palm oil. Concerns over a reduced South American harvest and lower Brazilian exports added support, while CBOT wheat fell sharply.
Higher crude and vegoil prices lift soybean and soymeal values, raising feed input costs. Reduced Brazilian exports tighten global soy supply.
financialpost.comReutersJan 26, 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.
