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Soybean futures rose 4-11 cents on September 29 on concerns about low river levels, while soymeal fell $3.10 per ton and soyoil rose $0.93 per pound. Wheat and corn also edged higher as Russia prepared to annex four occupied Ukrainian regions.
River draft limits on the Mississippi raise freight costs and threaten export timing, supporting soybeans, while geopolitical tension supports wheat and corn.
theseam.comSep 29, 2022After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% over 20.
After 85 past bullish logistics events, Soybean Oil moved a median +0.7% over 5 sessions (64% higher; middle half -1.3% to +2.7%), and +3.1% over 20.
After 34 past bearish logistics events, Soybean Meal moved a median +0.4% over 5 sessions (53% higher; middle half -1.8% to +2.6%), and -1.2% over 20.
After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
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.
