
According to Cepea, lower purchases of soybean meal and oil in Brazil have pushed derivative prices down at the start of November. Many buyers have already secured stocks for coming months, which reduces new orders.
Higher soybean supply in the Northern Hemisphere is also weighing on international prices.
Weaker crush demand cuts processor margins, which can slow soybean purchases and keep bean and meal prices under pressure. Northern Hemisphere supply adds to the downward pressure.
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.