Chicago soybean futures fell on November 9, while the nearest Euronext rapeseed contracts rose. The report also noted that the U.S. soybean harvest was 92% complete and that oil prices fell sharply as markets weighed comments suggesting a resumption of the Iran conflict was unlikely; the euro strengthened against the dollar.
Lower soybean futures signal near-term pressure on soybean prices, while the harvest progress adds to expectations of available U.S. supply. The oil decline can also weigh on vegetable-oil markets by reducing energy-related support for biofuel feedstocks.
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.