Loading…
CBOT November soybean futures rose sharply on Monday, posting their largest one-day gain since July 2023, after recent lows not seen since 2020. The rebound followed President Biden's exit from the presidential race and reduced fears that a Trump win would bring new tariffs on China.
Lower odds of a China trade dispute support U.S. soybean export demand and recover some of the price lost on tariff fears. Traders are reassessing the election-driven risk premium in soybean prices.
expanamarkets.comNick WoodJul 25, 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.
