
Chicago soybeans closed lower in 16 of the last 19 sessions and soymeal fell in 13 of the last 14. US harvest reached 88% of planted area, ahead of expectations and the historical average, with high yields reported in fields.
US crushing in September came in at 5.41 million tonnes, below the 5.46 million expected.
Faster harvest, strong yields and softer crush point to ample US soybean and meal supplies, which pressures soybean and soymeal prices. Feed buyers should expect continued weakness unless crush or export demand picks up.
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.