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Chicago January soybean futures closed below $9 a bushel on Nov 22, 2019, the first time since September, as improving weather in Brazil and Argentina weighed on prices. Wheat settled higher on short-covering while corn was mixed.
Traders also doubted that a first-stage US-China trade deal would be signed soon.
Expected South American rains and delayed China purchases reduce near-term demand for US soybeans and meal, pressuring soybean prices and feed protein costs.
agcanada.comAGCanadaNov 23, 2019Not 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.
