Well, it was quite a down week for soybeans and soymeal as both were down by at least USD 20 m/t. Much of the loss in soybean/soymeal is due to the higher ending stocks for US soybeans and the expected record Brazil soybean crop. Put those two factors together with concerns over China’s 2023 buying of soybeans and suddenly everything looks bearish for beans and meal......please click PDF to see more details