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Analysts say higher soybean prices would require one of three developments: US yields disappointing, stronger domestic crush for renewable diesel and sustainable aviation fuel, or El Niño reducing Brazil's yield. Export demand is weak, and the Mississippi River is starting the marketing year at lower levels than last year.
Current export weakness and a bearish backdrop cap prices, while crush demand and possible South American weather risks are the main upside drivers.
terrainag.comSep 25, 2023Not enough comparable past events yet for a historical read.
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.
