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Soybeans closed higher on commercial and technical buying, with a boost from the new RFS numbers and the bulk of the gains in soybean oil. Bean meal dropped on expected higher crush, while corn was mostly fractionally higher and wheat fell on profit taking and large world supplies.
Expected biodiesel demand from the RFS supports soybean oil, while the crush-driven meal supply increase weighs on meal. Ample world wheat supply keeps wheat prices under pressure.
brownfieldagnews.comJohn PerkinsNov 23, 2016Not 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.
