Soybean prices fell to EUR 308.07 per tonne on March 21, 2018. The decline was attributed to rain in Argentina and to customs policy from the US government.
Both factors weakened the soybean market.
Rain in Argentina eases fears of a dry-weather supply cut, and US trade policy adds pressure on export demand, so soybean and meal prices face downside pressure.
After 363 past bearish weather events, SOY moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 118 past bearish weather events, SBM moved a median -0.8% over 5 sessions (35% higher; middle half -3.2% to +0.4%), and -1.6% over 20.
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.