Loading…
A Cargill executive said U.S. soybean futures are rising as continued Chinese demand and tight global supplies put markets in rationing mode. Dry weather in Argentina is seen as a key factor that could push prices higher if it persists.
Rationing and dryness in Argentina tighten export availability, which supports soybean and meal prices for feed buyers.
agri-pulse.comBill TomsonJan 6, 2021After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% 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.
