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USDA's February WASDE made one of its biggest changes to Argentina's soybean crop, while leaving Brazil's record crop forecast unchanged. The domestic season-average soybean price forecast was cut by 10 cents to $10.10 per bushel, reflecting larger foreign supplies.
Lower Argentine output would tighten supply, but the record Brazilian crop and higher foreign supplies weigh on the US price outlook.
iowaagribusinessradionetwork.comMark MagnusonFeb 13, 2025After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
