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A Reuters commentary says recent strength in US soybean sales is not enough to lift export prospects. It notes slow soybean bookings compared with last year and Mississippi River restrictions affecting grain movement to the main export hub.
Weak export bookings and river constraints keep US soybean demand pressured, limiting price upside for soybeans and meal.
reuters.comKaren BraunOct 1, 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.
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.
