Loading…
Soybean basis bids for barge loadings to the U.S. Gulf were mixed to lower as soybean futures hit their weakest level on demand concerns and strong Midwest crop prospects. Corn barge bids eased as Mississippi River levels crested and began falling, and traders watched weaker-than-expected Chinese second-quarter GDP.
Lower Gulf basis and falling futures reduce the cost of US feed grains and soybean ingredients for buyers, while weak Chinese growth points to softer import demand.
tradingview.comJul 15, 2024Not 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.
