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Chicago soybean futures fell on Friday as forecast rains from Gulf tropical storms outweighed reports of fresh export sales to China. USDA data showed 400,000 tonnes sold for China and 368,000 tonnes to unknown destinations.
Soymeal fell and soyoil edged higher.
Expected Midwest rainfall eases crop stress concerns and pressures soybean prices, though ongoing Chinese export sales limit the downside for feed buyers.
brecorder.comReutersAug 22, 2020brecorder.comReutersAug 24, 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.
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.
