CBOT soybean futures fell for a third straight week as harvest advanced on a record U.S. crop, with farmers continuing to sell. A sharp drop in the Brazilian real pushed Brazilian farmers to accelerate their own sales, and fund liquidation and a stronger dollar added pressure.
Strong export demand and bargain buying limited the decline, and Argentina's planting has started.
Record U.S. supply and Brazilian selling add to bearish pressure on soybean prices, while firm export demand provides some floor for buyers of soybean meal and feed inputs.
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.