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Soybeans fell sharply for the week on fund and technical selling, with the market watching South American planting and harvest conditions. Weak Chinese demand and a marketing-year low in export sales added pressure.
Corn and wheat also finished lower, and soybean meal followed beans down.
Persistent lack of Chinese buying and competition from South America point to weaker soybean and meal prices in the near term.
brownfieldagnews.comMar 13, 2020Not 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.
Soybeans fell sharply on fund and technical selling, weak Chinese demand and a marketing-year low in export sales, which explains the downward pressure.
