# Commodity Traders Weekly Outlook: Soybean Oil and Rice Prices Surge, Orange Juice Fall Continued - TRADERS COMMUNITY

> CME soybean futures rose nearly 11% in the week ending June 9, 2023, while orange juice fell another 7.9%. Wheat rose 1.8%, corn declined 0.5%, and the Bloomberg Commodity Index gained 1.1%.

- Date: 2023-06-11 · published 2023-06-11T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/6882-commodity-traders-weekly-outlook-soybean-oil-and-rice-prices-surge-orange-juice
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Soybean strength and corn weakness in the weekly wrap signal shifting relative values for feed ingredients, though the report describes moves without a clearly new single cause.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼
- WHEAT: bullish ▲

## Sources

- traderscommunity.com: https://traderscommunity.com/commodity-traders-weekly-outlook-soybean-oil-and-rice-prices-surge-orange-juice-fall-continued/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.