Loading…
Mac Marshall of the United Soybean Board discussed recent soybean price gains on a podcast. He noted that U.S. soybean exports are on a record pace and that USDA forecasts 61 million metric tons of exports this year.
The commentary offers a general market outlook.
Strong export pace and a large USDA export forecast point to firm demand that supports soybean prices. This is commentary without a new market-moving event.
unitedsoybean.orgSoy CheckoffMar 11, 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.
