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CBOT July soybeans closed 1.5 cents lower at $8.63-1/4 per bushel on June 9 after a better-than-expected USDA crop rating of 72% good to excellent. July soymeal fell $1.30 to $287.10 per short ton while soyoil rose 0.13 cent to 28.23 cents per pound, with traders awaiting confirmation of new Chinese purchases.
Improving US crop ratings reduce weather risk premium and pressure soybean and meal futures, while unconfirmed Chinese buying limits downside. Soyoil gained slightly on routine trading.
brecorder.comReutersJun 9, 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.
