Goldman Sachs reported that Chinese soybean, soybean meal and palm oil prices fell month over month in October, while remaining above year-earlier levels. The analysis also noted higher PET packaging costs and continuing pressure from dairy costs.
The monthly declines indicate easing near-term costs for buyers of soybeans, soybean meal and palm oil, although prices remained higher year over year. The dairy-cost reference gives no specific dairy price or supply change to quantify.
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.