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A DTN analysis dated Oct 28, 2022 weighs whether Brazil's next soybean crop will pressure prices, citing USDA's forecast of 5.58 billion bushels. U.S. cash soybeans were near $13.40, the highest for the season since 2012, and the piece advises spreading sales through early 2023.
Expectations of a large Brazilian crop in 2023 cap deferred U.S. soybean prices and argue for forward selling, while strong current cash prices reflect tight old-crop supply.
dtnpf.comTodd HultmanOct 28, 2022Not 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.
