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Soybean futures fell 18 to 27 cents on July 15 as contracts closed lower, with soymeal down $5 to $7 per ton and soy oil down 23 to 111 points. Crop progress showed 68% good/excellent ratings, slightly below the 69% expected, and NOPA June crush came in below estimates.
Slightly weaker crop ratings were not enough to offset soft crush and export data, keeping soybean and meal prices under pressure.
barchart.comAlan BruglerJul 15, 2024Not 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.
On July 15 soybean futures fell 18-27 cents and soymeal dropped $5-7/ton on a weak NOPA crush and slightly lower crop ratings, which directly drove the final day of the 5-day decline.
Soybean futures fell 18-27 cents on July 15 with soymeal and soyoil lower, crop ratings and weaker-than-expected NOPA crush adding pressure.
Soymeal fell $5-7/ton on July 15 as soybeans dropped and NOPA crush missed estimates, directly describing the downward move.
Soybeans fell 18-27 cents on July 15 with weaker meal and oil and a NOPA crush below estimates.
