Loading…
ADM Investor Services' weekly summary says soybeans start the week supported by a weaker US dollar and strong energy prices. Traders are watching the US election, the Fed rate decision Thursday, and the USDA November supply/demand report Friday.
Soymeal is bouncing after a weak October on expectations of less tariff risk under a Harris presidency.
Election-driven expectations of trade policy toward China, the largest soybean buyer, can shift soybean and meal demand and prices. A weaker dollar and firmer crude support prices for the complex.
admis.comADMIS Research TeamNov 4, 2024Not 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.
