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NDSU analyst Frayne Olson warns that early South American soybean harvests may narrow the export window for U.S. soybeans to China. Local basis in the Dakotas and Minnesota remains strong due to a short crop from drought and demand from the Pacific Northwest.
An earlier South American supply advantage could pressure U.S. export demand and price, while strong regional basis currently supports local cash bids.
rrfn.comCarah HartDec 28, 2021After 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 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
