Demand for U.S. soybeans is falling as large South American harvests in Brazil and Argentina reduce export prospects. USDA cut its soybean export outlook by 65 million bushels and domestic crush by 10 million bushels, and soybean futures fell about 4.3% at midday.
Reduced U.S. export and crush demand builds ending stocks, pressuring soybean and soymeal prices as buyers shift to South American supply.
Setelah 788 peristiwa laporan bearish sebelumnya, Kedelai bergerak median -0,3% selama 5 sesi (47% lebih tinggi; separuh tengah -2,0% sampai +1,5%), dan -0,9% selama 20 sesi.
Setelah 399 peristiwa laporan bearish sebelumnya, Bungkil Kedelai bergerak median -0,4% selama 5 sesi (44% lebih tinggi; separuh tengah -2,4% sampai +1,2%), dan -1,0% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Dated July 14, it reports USDA cuts to soybean exports and crush plus a roughly 4.3% midday drop in soybean futures, which fits the sharp selloff in soy complex prices on the move date.
Dated July 14, it reports USDA cuts to soybean exports and crush plus a roughly 4.3% midday futures drop, tying the move to weaker demand from large South American crops.
Falling demand for US soybeans amid large South American crops and USDA cuts to exports and crush weighed on soy futures on July 14, spilling over to meal.