Soybean contracts closed 2.5 to 4.5 cents higher on Wednesday, while the November-2027 contract fell. Revised USDA data raised the US soybean yield to 53.3 bushels per acre and output to 4.574 billion bushels, and ending stocks fell to 300 million bushels on higher exports.
Lower US ending stocks support nearby soybean prices, which feeds into soymeal costs for feed buyers. The daily move is modest and mostly reflects revised USDA figures already priced in.
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.