Loading…
Soybeans edged higher on short covering and technical buying after recent losses. Harvest progress was mixed across the US, with wet weather raising quality concerns, while China's tariff on US soybeans remained unresolved.
Soybean meal rose and bean oil was mixed.
Persistent tariff uncertainty and quality worries cap soybean prices, though short-covering provides a modest bounce. Traders are waiting for signs of US-China talks.
brownfieldagnews.comOct 31, 2018Not 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.
Describes Oct 31 short covering and technical buying after recent losses, a direct explanation for a rebound from six-week lows.
