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Soybean meal was the only major CBOT grain or oilseed to post losses in the week ended January 23, 2024, falling nearly 3%. Soybeans rose 1%, wheat gained 2.5%, soybean oil rose 2%, and corn advanced 0.7%.
The report covers fund positioning in CBOT grains and oilseeds.
Soymeal weakness against firmer soybeans and oil reflects shifting meal-oil spreads, which matters for feed buyers pricing protein. Fund positioning changes can amplify near-term price moves.
reuters.comKaren BraunJan 29, 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.
