Loading…
CBOT soybean futures hit a 6-1/2-year high on worries about tightening global supplies and drought in South America. The March contract settled at $13.11 per bushel, and soybeans gained 37.2% over 2020, their strongest annual gain since 2007.
Concerns about South American drought and tight global stocks support soybean prices, which raises the cost of soybean meal used in feed.
brecorder.comReutersJan 1, 2021Not 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.
