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Early US soybean yield results are highly variable after a summer of intense heat and uneven rain across the Midwest. Soybean futures rallied and fell several times over the summer, and traders are awaiting the USDA's October 12 WASDE report.
Three years of tight US supplies support prices, but uncertainty over yield and the size of the crop makes the direction of October price moves hard to call.
farmprogress.comNaomi BlohmSep 28, 2023Not 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.
