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Fastmarkets analyst Tore Alden outlined the 2021 oilseeds outlook, expecting larger soybean, rapeseed and sunflower seed acreage and record US yields. He also flagged dry weather in Argentina that cut production and strong Chinese demand growth.
Expected acreage gains and record US yields point to looser supply later, which weighs on oilseed prices, while Chinese demand and Argentine weather support them. The net effect is a two-sided outlook for soy complex prices.
fastmarkets.comSofia OkunMay 19, 2021After 50 past neutral macro events, Soybeans moved a median -0.3% over 5 sessions (48% higher; middle half -2.2% to +1.3%), and -0.8% over 20.
After 75 past macro events, Soybean Oil moved a median -1.0% over 5 sessions (39% higher; middle half -2.7% to +1.7%), and -1.9% over 20.
Not 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.
