Loading…
Soybean export prices, which peaked in mid-October, have started to soften as the US harvest and Brazil planting progressed without issues. The November WASDE report noted that Brazilian soybeans kept a seasonal price premium over US origin, but that gap narrowed somewhat.
Easing US and Brazilian soybean export prices reduce the cost of soybean meal and whole soybean inputs for feed buyers, while a narrowing Brazil premium shifts export demand back toward US origin.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.