U.S. soybean futures slipped again ahead of the USDA’s November supply-and-demand report, with traders expecting higher U.S. yields and production. Chinese soybean meal futures fell toward the bottom of their recent range, while rapeseed meal fluctuated at low levels; soybean meal stocks declined to 1.1869 million tonnes.
U.S. soybean export inspections remained above last year’s level, with China the leading buyer that week.
Expected larger U.S. production could increase available soybean supply and weigh on soybean prices, with potential knock-on pressure on meal. Falling Chinese soybean meal stocks and low rapeseed meal inventories may limit downside in domestic meal markets.
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.