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US soybean futures fell to a six-day low on February 14, pressured by a rapidly advancing record Brazilian harvest and rains in Argentina. Corn and wheat also weakened from 7-1/2-month highs, though speculators' long positions limited losses.
CBOT March soybeans closed down 9-1/4 cents at $10.45 a bushel.
Bumper South American harvests increase competition for US export business, which pressures soybean, corn and wheat prices. Recent rallies in grains leave room for further technical declines.
agcanada.comAGCanadaFeb 14, 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.
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.
