Crop oils, energy prices and US weather pressure soybeans.

Oilseeds were the leaders of the bear move today. Crop oils are in a free-fall with soybean oil down 15% from those contract highs posted just eight days ago. This pressure, from both the palm oil and the recent drop in energy prices, comes at the same time as US weather is not showing a consistent major summer threat. November soybeans broke their three month uptrend line today which was at 1491.

This content requires a premium subscription.

Please login to your premium subscription to view this content in its entirety.


Forgot your password? Reset it by clicking here.
Need an account?
Try our FREE 1 week trial, no card required.
Interested in our Free Webinar?

Sign up now! 

Post Archives

Allendale Insider

On The Go

Market Movers


Trader Insights

Morning Wake up Calls