Soybeans sink as U.S. weather seen improving, reversing recent rally

seekingalpha07-27

U.S. soybean futures fell by the most in a month on Friday, as traders took profits after prices rallied earlier this week and the latest weather forecasts showed the scorching temperatures expected ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2454307021?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/184878412/image_184878412.jpg","is_english":true,"pubTime":"2024-07-27 08:00","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2454307021","market":"us","top_or_hot":-1,"title":"Soybeans sink as U.S. weather seen improving, reversing recent rally","media":"seekingalpha","content":"<div>\n<p>U.S. soybean futures fell by the most in a month on Friday, as traders took profits after prices rallied earlier this week and the latest weather forecasts showed the scorching temperatures expected ...</p>\n\n<a href=\"https://seekingalpha.com/news/4129214-soybeans-sink-as-us-weather-seen-improving-reversing-recent-rally\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Soybeans sink as U.S. weather seen improving, reversing recent rally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoybeans sink as U.S. weather seen improving, reversing recent rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-27 08:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4129214-soybeans-sink-as-us-weather-seen-improving-reversing-recent-rally><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. soybean futures fell by the most in a month on Friday, as traders took profits after prices rallied earlier this week and the latest weather forecasts showed the scorching temperatures expected ...</p>\n\n<a href=\"https://seekingalpha.com/news/4129214-soybeans-sink-as-us-weather-seen-improving-reversing-recent-rally\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MOO","symbol_name":"农业指数ETF-Market Vectors","start_time":0,"source_url":"https://seekingalpha.com/news/4129214-soybeans-sink-as-us-weather-seen-improving-reversing-recent-rally","article_id":"2454307021","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/184878412/image_184878412.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454307021","pubTimestamp":1722038416,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"U.S. soybean futures fell by the most in a month on Friday, as traders took profits after prices rallied earlier this week and the latest weather forecasts showed the scorching temperatures expected f","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MOO":"农业指数ETF-Market Vectors","DBA":"农业指数ETF-PowerShares DB"},"translate_title":"美国天气好转，大豆下跌，逆转近期涨势","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DBA":1,"MOO":1},"content_text":"U.S. soybean futures fell by the most in a month on Friday, as traders took profits after prices rallied earlier this week and the latest weather forecasts showed the scorching temperatures expected for much of the crop belt may not prove as harsh as expected. Friday's 11-15 day forecast showed fewer chances of above-normal temperatures in the crop belt, and \"the rain chances and amounts are much heavier than what we have seen previously,\" StoneX Financial's Matt Campbell said, according to Bloomberg. \"With the weather change in the forecast to less heat, prices did not have a reason to break through resistance to the upside,\" Naomi Blohm of Total Farm Marketing wrote, as reported by Dow Jones, adding that historically corn futures tend to slide in August, as multiple sources begin reporting estimates from their field surveys. On the Chicago Board of Trade, soybeans (S_1:COM) for November delivery settled -3.1% to $10.46 1/2 per bushel, wheat (W_1:COM) for September delivery finished -2.8% to $5.22 3/4 per bushel, and December corn (C_1:COM) closed -2.6% to $4.10 per bushel. ETFs: (NYSEARCA:SOYB), (NYSEARCA:WEAT), (NYSEARCA:CORN), (DBA), (MOO) The wave of short-covering that defined trading in recent days slowed on Friday, Charlie Sernatinger of Maxes said, according to Dow Jones, as \"it appears as if those corn and bean traders that wanted out of shorts got out yesterday in front of the weekend.\"","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454307021"}