
Soybeans recorded the largest losses in Chicago, with funds estimated to have sold 7,000 soybean, 2,000 soybean-meal and 6,000 soybean-oil contracts. Expectations for a record US harvest and a lack of significant new Chinese purchases weighed on soybeans, while soybean oil faced additional pressure from competition among biofuel feedstocks; corn also closed lower.
Expected abundant US supplies and uncertain Chinese buying weigh on soybean demand expectations, while competition from other biofuel feedstocks reduces support for soybean oil. These factors point to lower prices for soybeans, soybean meal, 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.