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Soybean futures fell sharply on profit taking and technical selling, though most months held support. Weekly old-crop export sales dropped below half a million tons, while new-crop sales stayed strong, and Argentina and Brazil face dryness and harvest delays.
Routine profit taking pulled prices lower, but tight supply and talk of U.S. imports limit the downside for soybeans and soybean meal.
brownfieldagnews.comJan 28, 2021Not 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.
