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Soybean futures rose about 40 cents over the week, with November soybeans closing 15 cents higher at $10.43½ on September 18. Corn and wheat also gained, and soymeal and soyoil finished higher.
Buying from China was cited as a key support.
Active Chinese buying and a weak dollar are pushing soybeans to two-year highs, raising feed input costs for buyers. The rally reflects ongoing demand strength rather than a new supply shock.
agriculture.comMike McGinnisSep 18, 2020Not 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.
Soybeans rallied about 40 cents over the week to $10.43 with soymeal higher, supported by Chinese buying, matching the window.
