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Chicago soybean futures fell on Thursday as traders took profits after two sessions of gains driven by the USDA supply and demand report. The January contract traded near US$12.25 per bushel and remained above its 10- and 200-day moving averages.
A tighter US balance sheet keeps prices supported above US$12, while trade tensions with China and favorable South American crop conditions cap gains.
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.