Soybeans facing downward pressure as product prices decline
Tuesday, 9 July 2024, 12:30
Soybeans Prices Plummet on Tuesday
Soybean prices are experiencing a significant drop on Tuesday, with contracts down between 13 to 16 cents. Soymeal is witnessing losses of $6.10/ton in the August contracts, while Soy Oil has fallen 192 points following last week's rally. The lack of delivery notices against July meal or soybeans overnight has added to the situation.
- Soybean contracts down between 13 to 16 cents
- Soymeal facing $6.10/ton losses
- Soy Oil drops 192 points
The soybean market is under strain due to the impact of falling product prices.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.