
On Monday, November 2, CBOT January soybeans fell 17.50 cents to $12.1675/bu, a roughly 11-week low, as crude oil dropped more than 7%. Corn December rose 0.50 cents to $4.4825 after touching a four-month low intraday, and wheat December gained 3 cents to $6.0650.
USDA reported record soybean harvest progress and second-largest corn harvest pace.
Lower crude weakens the biofuel link that supports soybean oil and crush demand, and fast US harvest progress adds to near-term supply pressure on soybeans and meal.
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.
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.