
Soybean futures opened at their lowest since mid-August and began sliding toward a 200-day moving average near $12. Fund traders still hold nearly 400,000 combined contracts in soybeans, soybean oil and soybean meal.
With the soy complex tied closely to crude oil, the weak tape and large fund length point to continued downside pressure on soybean, soy oil and meal prices unless crude or demand improves.
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.