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The American Soybean Association's chief economist reviews the 2022/23 U.S. soybean crop, which fell from an initial 4,640 million bushels to 4,276 million bushels as acreage was cut. Crush capacity is expanding and NOPA members set monthly crush records in March and April.
Ample South American supplies and a large expected U.S. harvest are weighing on markets.
Large South American supplies and a big expected U.S. harvest point to softer soybean prices ahead, even though strong crush demand supports the domestic complex.
soygrowers.comJun 1, 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.
