Loading…
Iowa Soybean Association panelist Dustin Johnson described a series of events since 2018, including trade tensions, currency weakness, African swine fever and COVID-19, that combined to push soybean prices to multi-year highs in 2021. Johnson noted South American soybean production has grown strongly, and farmers said the market now offers more direction, though some remain unsure whether prices have peaked.
Strong South American output offsets some tightness, but persistent crush demand and past disruptions keep soybean prices supported, which matters for soymeal costs in feed rations.
iasoybeans.comIowa Soybean AssociationMay 27, 2021Not 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.
