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S Illinois | Soybeans basically hit their low 20+ calendar days prior to the end of the month and treaded water the rest of the month. July soybeans hit a low on 6-30 that was 4 cents lower than what it did on 6-15. Thats a minuscule amount to blame on a report. Those 2 weeks in mid to late June are an eternity for the market. One would basically have to disregard everything else that affects price to think that.
"It did coincide with oil prices dropping and a cool weather period"-way more important to traders than worrying about a report. That first reason is very important to fund traders.
Edit: Soybean oil sold off starting at the beginning of June. Thats a big driver of soybean pricing. I don't think oil traders care too much about the end of June reports.
Edited by w1891 7/6/2026 18:42
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is this really Market talk
