Loading…
ING says the global soybean market will be well supplied through 2025, with 2024/25 ending stocks estimated near a record 132 million tonnes. US output rose about 7% and Brazilian and Argentine production are forecast to grow, while trade tensions remain a bearish risk.
Record stocks and rising South American output point to continued pressure on soybean prices, with escalating trade tensions as a further downside risk for buyers of soy-based feed.
think.ing.comWarren PattersonDec 11, 2024Not 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.
