Chicago soybean futures fell to an 11-week low as the US harvest neared completion, with the USDA reporting 88% harvested. Corn was unchanged at $4.42-1/2 a bushel, and Chinese buying of US farm goods other than soybeans is on track for a seven-year low.
A near-complete US harvest and a stronger Brazilian export position, helped by a weaker real and high US freight rates, add pressure on US soybean prices. Slower Chinese buying also weighs on the market.
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.