Ukrainian soybean buying prices fell as Chicago quotes declined over the month ahead of an improved US harvest forecast. The USDA's November report raised US soybean production by 0.33 million tons to 124.48 million tons, though January Chicago futures rose 2.5% to $448.3/ton on strong export demand.
Kernel halted all eight of its plants after Russian attacks on oil extraction facilities in Ukraine.
Lower world prices and reduced processor demand from plant shutdowns weaken domestic soybean bids in Ukraine, while the larger US crop estimate keeps global oilseed supply comfortable.
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.