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Soybean prices fell as Brazil cut soybean exports to China in May, while Brazil increased soybean meal and oil exports. US soybean processing hit a record for May, and July Chicago soybean futures fell 2.7%.
Weaker Chinese demand for soybeans is bearish for beans, while heavier Brazilian meal exports and record US crush add meal supply that pressures soybean meal prices.
ukragroconsult.comJun 17, 2022After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), 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.
