
Soybeans fell 20 to 27 cents on June 4, with July closing at $11.29 1/2. Soymeal dropped $3.20 to $7.10 and soyoil fell 123 to 242 points as crude oil lost $3.11.
Export sales of 276,852 MT were a three-week low but still well above last year.
Weakness in soymeal and soyoil and lower crude reduce crush margins and soybean values, keeping downward price pressure on the complex.
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.
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.
June 4 soybeans fell 20-27 cents as meal and soyoil dropped with crude oil, directly driving the final leg of the 5-day decline.
On June 4 soymeal dropped about $3-7 as soybeans fell on crude weakness and the soybean complex came under pressure.