
CBOT January soybeans rose 0.22% to US$12.30 per bushel, supported by gains in soybean oil and meal. December soybean oil gained US$24.47 to US$1,408.29 per tonne and meal rose US$3.53 to US$363.43 per tonne.
Traders noted that expectations of a record US crop and ongoing Chinese purchases limited further gains.
Higher oil and meal prices support soybean values, but a record US harvest and rising supply in the commercial market cap the upside. Feed buyers should expect meal costs to stay firm while crush margins remain supportive.
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.