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Analysts expect traders may move more U.S. acres to soybeans in spring 2022 because of high corn input costs. USDA's baseline projects 87.5 million acres, and a November USDA report showed ending stocks rising to 340 million bushels.
Expected soybean acreage gains would add to future supply and pressure prices, but the USDA baseline implies only a modest increase, limiting the bearish case for now.
hpj.comHPJ StaffDec 3, 2021Not 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.
