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US soybeans rose sharply in the week ending December 3, 2021, supported by commercial and technical buying, product strength, and a sale of 122,000 tons of 2021/22 beans to unknown destinations. Weekly flash sales totaled 548,100 tons, with Chinese demand affected by Hurricane Ida shipping delays and rapid Brazilian planting.
Strong export sales and product support lift US soybean and meal prices, while Brazil's fast planting pace limits export competition ahead. Chinese shipping delays keep near-term demand firm.
brownfieldagnews.comDec 3, 2021
kornradio.comnedvedmediaDec 4, 2021After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
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.
