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Soybean futures lost about a quarter of the gains from the October USDA report within a week, while crude oil and equities fell. Analysts said traders were waiting for more information on the size of this year's crop.
Soybeans are giving back part of the USDA-driven rally, so soybean meal costs may ease unless production data confirms the smaller crop. Weaker crude oil also reduces biofuel-linked support for vegetable oils.
farmprogress.comOct 19, 2017Not 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.
