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Soybean futures fell on Monday to near a five-month low reached Friday, with May contracts around $9.73 a bushel. The decline was attributed to global oversupply from strong South American harvests and expected larger U.S. output.
Strong South American supply and expectations of higher U.S. production weigh on soybean and meal values, favoring cheaper feed protein.
economies.comRami HaddadMar 27, 2017Not 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.
