Grains Look for Price Support
Soybean futures closed lower on a weekly basis for the first time in seven weeks. Pricing appreciated 20 percent...
Soybean futures advanced two percent last week, offsetting half of the prior week's weekly decline. The USDA's Sept 30 grain stocks report showed an aggressive decline in soybean stocks, which helped support pricing. Soybean stocks are at 523.5 million bushels versus 909 million in September of 2019, a 42 percent decline.
Read More11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...