
Chicago soybean futures for January delivery rose 0.46% on Friday to $11.93 per bushel, a technical rebound that did not prevent a fourth consecutive weekly decline. Soybean and product prices were pressured by the arrival of the new US crop and expectations for a USDA report; December soybean oil fell 5.52% for the week and soybean meal declined 1.67%.
New-crop supplies and bearish positioning weigh on soybean and product prices, potentially lowering feed meal costs. The article cites no fresh supply disruption or demand change to reverse that pressure.
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.