
Soybeans fell after USDA raised harvested acres by 100,000, raised crush slightly, and lowered exports, leaving a larger ending stocks increase than expected. Soymeal ending stocks were trimmed to 450,000 short tons, while corn faced a hard sell after record US harvest and world stocks figures, and wheat also declined after bearish USDA statistics.
Bearish USDA balance sheets across soybeans, meal, corn and wheat point to lower prices and ample feed supplies, with meal under pressure from large bean supplies.
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.