
Chicago soybeans fell $15 per tonne, or 3.3%, over the week to a two-and-a-half-month low; soybean oil dropped 5.5% and soybean meal fell 1.7%. The article attributes the declines to the U.S. harvest, expectations for large South American production—especially in Brazil—and a weaker real that could encourage Brazilian sales; lower oil prices also pressured soybean oil and corn through biofuel demand expectations.
Harvest arrivals and expectations of abundant South American supply increase competition and weigh on soybean complex prices. Lower crude oil prices can also reduce biofuel-related support for soybean oil and corn.
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.
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.