January soybeans fell 17.5 cents to new lows for the move on Monday, with funds still holding large net long positions in soybeans, meal and oil. Analysts attributed the decline to technical selling and fund liquidation, alongside weakness in crude oil and equities.
Heavy fund liquidation pressures soybean meal and oil prices, which feed into feed-ration costs. Traders are positioning ahead of the next WASDE, where a possible yield increase could weigh further on prices.
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.