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Soybeans, corn and wheat fell on speculative and technical selling, with soybean oil lower after global vegetable oil weakness. US soybean export inspections hit a marketing-year low, while NOPA reported a record June crush of 175.6 million bushels.
Weak export demand and ample corn supplies pressure feed grain and meal prices, while solid crush demand provides some support for soybean meal.
brownfieldagnews.comJohn PerkinsJul 15, 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.
Speculative and technical selling, weak soyoil, and a marketing-year-low export inspection figure pushed soybeans lower on July 15.
Speculative and technical selling, weak soyoil and marketing-year-low export inspections extended the decline.
