US Soybean Futures Fall as Crop Estimate and Export Inspections Rise
US soybean futures have fallen about 10% from their mid-September high as USDA estimates a record crop. Export inspections have recently reached nearly 2.5 million tonnes a week.
· Feedsoft Markets Desk
TRANSCRIPT
Soybean futures fell about 10%. US futures are down from their mid-September multi-year high.
USDA estimates a record crop. The US soybean crop is estimated at 4.56 billion bushels.
Export inspections are busy, too. They recently reached nearly 2.5 million tonnes a week.
Watch supply and shipping. The larger crop adds soybean supply. Strong inspections also point to demand for ocean freight capacity.
Read the full analysis: feedsoft.ai/events/92272-cheaper-beans-busier-ships
Market information, not investment advice.