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CBOT March soybean futures settled down 3-1/2 cents at $10.22-3/4 a bushel on February 22, falling to a three-week low. Soymeal fell for a fourth straight session, while soyoil ended higher on oil/meal spreading and strength in Malaysian palm oil.
Traders cited technical selling and expectations of a large South American soy harvest.
Expectations of a big South American crop raise export competition for US soybeans, pressuring soybean and soymeal prices. Soyoil's gain was driven by spreads and palm oil rather than a new supply shift.
timesofindia.indiatimes.comFeb 22, 2017, 01:43 ISTFeb 21, 2017timesofindia.indiatimes.comFeb 23, 2017, 01:29 ISTFeb 22, 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.
