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Soybean prices continued to fall toward support near $9.75 to $10 per bushel as speculative and macro buyers exited. Weaker crude oil and a stronger U.S. dollar contributed, and analysts flagged possible slowing Chinese demand as China auctioned domestic reserves.
Fund liquidation, a firmer dollar and softer energy prices are pulling soybean values lower, and possible Chinese demand softness adds downside risk for meal and oil buyers.
farmprogress.comKevin Van TrumpJul 22, 2016Not 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.
