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Soybean Meal Jul 21 (SMN21.CBT)

CBOT - CBOT Delayed Price. Currency in USD
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302.20-2.20 (-0.72%)
As of 2:19PM EDT. Market open.
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Pre. SettlementN/A
Settlement Date2021-07-14
Open305.80
Bid303.60
Last Price304.40
Day's Range302.20 - 306.20
Volume1,992
Ask308.00
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    Bloomberg

    Some Commodities Have Now Wiped Out All of Their 2021 Rally

    (Bloomberg) -- For all the talk of a commodities boom, some markets have now wiped out gains for the year and several more are close to doing so.Soybean futures have erased their 2021 advance, sliding more than 20% from an eight-year high reached in May, while corn and wheat have also tumbled. The Bloomberg Grains Spot Subindex slid the most since 2009 on Thursday, before edging higher on Friday as markets recovered some losses. Other commodities that have seen their big rallies evaporate includ

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    Bloomberg

    ‘Every Bushel Matters’ as Drought Keeps Crop Markets on Edge

    (Bloomberg) -- In the world of crops, angst over the weather has reached a fever pitch.Global inventories are shrinking and demand is on a tear as drought plagues farms from the U.S. and Brazil to Russia. As a result, every rain shower and dry spell is coming under extreme scrutiny. Grain futures touched near-decade highs last month before paring gains amid a strong planting season.Now, too little or too much rainfall in key producers will go a long way in determining if prices rally again or fu