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Soybean and meal futures in Dalian and Chicago fell over the past week, with crush margins in China also retreating. OCBC said US bean exports remain weak because a weak Brazilian real keeps Brazilian beans the cheaper import option.
Weak US export competitiveness and falling energy-linked prices keep soybean and meal prices subdued until Brazilian stocks tighten in summer.
agriculture.comApr 30, 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.
