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Marketplace reports that global soybean supplies have grown, pushing prices down over the past two years, largely because of expanded Brazilian production driven by Chinese demand. China has been buying more Brazilian beans after US retaliatory tariffs, while still purchasing some US soybeans.
Ample global supply from Brazil keeps soybean and meal prices under pressure and limits US farmers' selling options, with Chinese trade policy a key swing factor.
marketplace.orgNov 26, 2024After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), 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.
