
US soybean futures fell more than 4.5% on August 10 after USDA projected 2018-19 US soybean production at 4.586 billion bushels, above market forecasts. Ohio farmer Chris Gibbs said the trade war had cut prices about 20% and cost the US its largest customer.
The day's drop was the worst since the July low.
A larger-than-expected USDA crop estimate adds supply pressure to soybeans and soymeal, lowering feed protein costs while trade disruption limits export outlets.
Tras 788 eventos bajista de informe pasados, Soja se movió una mediana de -0,3 % en 5 sesiones (47% al alza; mitad central entre -2,0 % y +1,5 %), y -0,9 % en 20.
Tras 399 eventos bajista de informe pasados, Harina de soja se movió una mediana de -0,4 % en 5 sesiones (44% al alza; mitad central entre -2,4 % y +1,2 %), y -1,0 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
It documents the over 4.5% soybean drop on August 10 after USDA's above-forecast production projection, matching the move's size and timing.
Soybean futures fell more than 4.5% on the above-forecast production projection, a worse drop than any since the July low, which carried soymeal lower.