
Chicago soybean prices fell US$15 per tonne over the week to US$438.60, a two-and-a-half-month low; soybean oil dropped US$80.25 and soybean meal fell US$6. In Argentina, nearby soybean prices edged higher, while the May 2027 contract declined.
The article attributes the weakness to a large U.S. harvest, lower crude oil prices and a weaker Brazilian real.
Seasonal U.S. harvest supplies are pressuring soybean prices, while weaker oil prices weigh on soybean oil and a weaker real improves Brazil’s export competitiveness. These forces add bearish pressure to soybeans and products in global markets.
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.