Loading…
US soybeans rose on commercial and technical buying, with China buying 132,000 tons and unknown destinations 722,750 tons of 2021/22 beans for a weekly total of 1.51 million tons. NOPA reported September crush of 153.8 million bushels.
Corn finished modestly lower despite exports topping a million tons for a second week.
Steady export sales and strong crush support soybean, meal and oil prices. Talk of fertilizer shortages shifting acres from corn to soybeans could also tighten soybean supply.
brownfieldagnews.comOct 15, 2021After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% 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.
