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Analysts say a record South American soybean crop is the main factor limiting soybean price rallies, with Brazil projected at 169 to 175 MMT. USDA's January WASDE cut US yield by one bushel per acre, trimming ending stocks by 90 million bushels, but world ending stocks remain at a record.
Large Brazilian supplies offset the US production cut, keeping global balance sheets burdensome and capping soybean price upside.
agweb.comJan 11, 2025Not 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.
