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DTN analyst Darin Newsome said USDA tends to underestimate soybean demand and expects soybean futures to climb in the months ahead. He argued that a weakening dollar and tighter supply would support prices into 2018.
A forecast of tighter soybean balances and a weaker dollar supports higher soybean prices. This is analyst opinion rather than a new supply or demand event.
brownfieldagnews.comMark DorenkampAug 2, 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.
