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Soybean futures rose 20 to 34 cents on January 22, 2025, on South American weather concerns and easing trade tensions. US export inspections for the week of January 16 were 973,145 MT, with China the largest destination.
Marketing-year sales are 20.6% above last year.
Continued dryness in Argentina and steady export demand, especially from China, support soybean and soymeal prices in the near term.
ibestmedia.comJan 22, 2025After 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.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.
