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CBOT soybeans and soybean meal gapped higher after bullish key reversals on a lower USDA soybean yield estimate, dryness in Argentina and a record December crush. The weaker dollar supported grains, while wheat fell on larger seeded acres.
Cattle and hogs also closed higher.
Routine price moves reflect a tighter soybean supply outlook, which supports meal prices and feed costs for buyers.
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.
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.
