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CBOT new-crop soybeans settled at $13.89-3/4 per bushel, a 9.5% gain so far in calendar 2022, the largest early-year upside move since 2008. Traders are also watching US acreage prospects relative to corn.
Strong early-year soybean gains reflect supply tightness and shift acreage expectations between soybeans and corn, affecting feed grain price relationships.
reuters.comKaren BraunFeb 3, 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.
