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CBOT July soybeans closed 4.5 cents lower at $8.64-3/4 per bushel on June 8 as traders unwound long soybean and short corn positions after gains driven by Chinese demand. July soymeal fell 70 cents to $288.40 per short ton and soyoil dipped to 28.10 cents per pound, with no new confirmation of Chinese soybean sales.
Profit-taking after a rally tied to China hopes leaves soybean complex prices vulnerable until new export sales are confirmed. The move mainly reflects spread unwinding rather than a new supply change.
brecorder.comReutersJun 8, 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.
