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CBOT November soybeans settled 3.5 cents lower at $12.20 per bushel on October 22, while December meal rose $3.40 to $327.40 per short ton. Soyoil slipped while the crush margin gained 18.95% on the week.
China's soyoil prices hit a near 10-year high.
Routine price moves with a firmer crush margin and strong Chinese soyoil demand point to continued support for meal and oil, which raises feed input costs.
brecorder.comReutersOct 24, 2021Not 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.
