
Soybeans rose sharply on commercial and technical buying after Friday's losses following neutral USDA numbers. Chinese purchases of US beans have so far fallen short of pledges, and Beijing reportedly bought Brazilian soybeans over the weekend.
The October NOPA crush hit a record 227.6 million bushels while oil yield fell.
A record crush supports soymeal and soyoil demand, but Brazil's lower price and unconfirmed Chinese buying cap the upside for US beans.
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.
Commercial and technical buying in soybeans plus a record October NOPA crush (indicating strong processing and oil supply, though oil yield fell) drove same-day complex strength.