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On October 6, 2022, November soybeans fell to a 2.5-month low, December corn dropped to its lowest close since September 29, and December SRW wheat fell to its lowest since September 27. Harvest pressure, a strong dollar near 20-year highs, and soft export demand drove the declines.
December soymeal fell $5.10 to $393.40.
Harvest pressure and a firm dollar reduce US export competitiveness and weigh on feed grain and soymeal prices. Soybean meal weakness lowers feed input costs for buyers in the near term.
profarmer.comPro Farmer EditorsOct 6, 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.
