Crop oils, energy prices and US weather pressure soybeans. June 22, 2022

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.

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Allendale, Inc.
4506 Prime Parkway McHenry, IL 60050

1.800.2MARKET | 1.800.551.4626
Local: 815.578.6150 | Fax: 815.363.5511

service@allendale-inc.com

©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.