The Market The floor fell out of the soybean market this week as the November contract lost 48.25 cents, closing below $12/bushel for the first time in two years. The July contract shed 82.75 cents to 1307.25/bushel, the lowest close in over a year. Soybeans are now technically oversold. July soymeal fell 5.5 percent and July soyoil dropped 4.5 percent.
There are multiple reasons for the descent:
WASDE forecast for more soybean carryover. Good weather for growing more soybeans. Questions about Chinese demand. Brazil’s huge supply dominating the export market. A two-month extension of the Black Sea grain corridor agreement
One area was the bleeding slowed is in palm oil prices based on renewed Chinese buying.&...
Fabiana is a genus of flowering plants in the nightshade family, native to dry slopes in western South America.[1] They are evergreen shrubs or subshrubs,[1] with needle-like leaves and profuse tiny tubular flowers in summer. The common name is false heath because the leaves superficially resem...
A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
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