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U.S. Soybean Export Council CEO Jim Sutter said US soybean exports are on pace for a record 2021 marketing year ending August 31, with demand diversified across many countries rather than concentrated in China. Sutter noted that about 60% of US soybeans are exported.
Strong, broad export demand tightens US old-crop supplies and supports soybean prices into the new marketing year, which is supportive for feed costs.
feedstuffs.comJacqui FatkaAug 27, 2021After 696 past bullish trade events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 224 past neutral trade events, SBM moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
