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US soybean futures closed lower on Wednesday at the lowest levels since October, with May contracts at $9.69 a bushel, while corn and wheat edged higher. Traders were positioning ahead of USDA planting and grain stocks data due Friday, and analysts expected larger soybean plantings and bigger year-on-year stockpiles.
Heavy global oilseed and grain supplies and expected bigger US stocks keep soybean prices under pressure ahead of the report, with soymeal also gaining modestly.
manitobacooperator.caGFM Network News, Michael HirtzerMar 29, 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.
