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Rabobank research puts soybean prices above the forward curve at about US$10.20 per bushel, up $0.63 year on year, and forecasts a slightly bullish market. Its oil outlook is for lower prices, and it notes that China holds about 21% of global soybean stocks in reserve.
Strong global feed demand from feedlots supports soybean prices, while a weaker soybean oil outlook points to lower oil values.
theland.com.auJamie BrownJan 10, 2017Not enough comparable past events yet for a historical read.
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.
