Loading…
OCBC economists forecast new record soybean highs above $17.50 per bushel for May and July 2021 contracts, up from about $13.70. They cite relentless Chinese buying and US exports on pace to meet USDA's 2.25 billion bushel estimate.
A forecast of record prices signals strong upside expectations for soybeans and related feed costs. The forecast is an analyst view rather than a confirmed supply shock.
octaafrica.netFeb 16, 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.
