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Grain and soybean futures fell on June 1 as weather forecasts improved for the Corn Belt. USDA data showed US soybean crush fell to 150 million bushels in April from 160 million in March.
July soybeans hit a fresh low of $9.12 1/4.
Weaker domestic crush signals softer demand for soybean meal, which pushes prices lower for feed buyers. Improved weather removed some planting-delay support for corn.
foxbusiness.comBenjamin ParkinJun 1, 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.
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.
