Laden…
USDA's July WASDE cut its outlook for U.S. soybean exports by 65 million bushels and domestic crush by 10 million bushels. The agency projected 2022/23 ending soybean stocks at 230 million bushels, above analyst expectations of 211 million.
Soybean futures fell to session lows as the most-active contract dropped about 4.3%.
Lower export and crush demand, driven by large South American harvests, points to heavier U.S. supplies and softer soybean and soymeal prices. Reduced crush also means less soymeal and oil output for feed buyers.
agweek.comMark Weinraub, Reuters12 jul 2022Na 788 eerdere neerwaarts rapport-gebeurtenissen bewoog Sojabonen zich mediaan -0,3% over 5 sessies (47% hoger; middelste helft -2,0% tot +1,5%), en -0,9% over 20.
Na 399 eerdere neerwaarts rapport-gebeurtenissen bewoog Sojaschroot zich mediaan -0,4% over 5 sessies (44% hoger; middelste helft -2,4% tot +1,2%), en -1,0% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
USDA cut soybean export and crush outlooks and ending stocks came in above expectations at 230 million bushels, so futures fell about 4.3%, with the reduced crush also affecting meal supply.
