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USDA pegs 2022 U.S. soybean plantings at 87.5 million acres, while analysts offer forecasts from 85.5 to 89 million. Higher corn input costs may push acres toward soybeans, but South American output and Argentina's plans are also uncertain.
Acreage expectations shape deferred soybean and meal futures; a larger expected soybean area would be bearish for prices, while a smaller one would support them.
agweb.comDec 30, 2021Not 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.
