On November 5, Chinese rapeseed meal futures rose 1.70% intraday while CBOT soybeans fell for an eighth straight session, dropping back to their August range. Soybean meal futures fell two sessions, and rapeseed meal hit near six-month lows as ICE canola declined and Chinese crush rates eased.
Weak CBOT soybeans, record US output expectations and fund liquidation point to lower soybean meal and rapeseed meal values, while Brazilian real weakness reduces import costs and limits downside.
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.