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Brazil's delayed soybean harvest is forcing buyers led by China to rely on US supplies for longer than usual in 2021. Brazil's January soybean shipments were 28 times lower than a year earlier, while US inspections hit a record 8.9 million tonnes.
Extended reliance on US exports drains US stocks and supports US soybean prices. Buyers may face tighter availability and higher prices until Brazilian supplies return.
financialpost.comReutersFeb 12, 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.
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.
