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Grain and soybean futures reversed early losses to close higher on September 27, 2017, as money flowed into commodities and traders unwound pessimistic positions. USDA reported private exporters sold 132,000 tonnes of soybeans to China for 2017-18, while soyoil fell after the EPA said it would revisit 2018 and 2019 biodiesel mandates.
Fresh China demand supports soybean prices, but the EPA signal of possibly lower biodiesel volumes weighs on soybean oil and could trim crush demand, a bearish factor for meal values in the medium term.
foxbusiness.comBenjamin ParkinSep 27, 2017Not 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.
