Loading…
August soybean futures fell for a third straight day of double-digit losses, with November beans down sharply as well. Analysts attributed the selling to weather-related liquidation and weak demand, and a reported Chinese purchase of 132,000 tons did little to support prices.
Weak export sales versus last year's pace and benign weather expectations point to continued downward pressure on soybean prices, lowering feed ingredient costs.
hoosieragtoday.comEric PfeifferJul 11, 2024Not 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.
Three straight days of double-digit losses on weather-related liquidation and weak demand; the Chinese purchase failed to support prices.
