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Soybean prices have reached seven-and-a-half-year highs, supported by U.S. 2020 production that fell slightly to 4.135 billion bushels and ending stocks that shrank further. Demand from exporters and domestic crushers has kept U.S. supplies at their second-tightest level on record.
Tight U.S. old-crop supplies and strong export and crush demand support soybean prices, and buyers should expect firm meal and feed costs while stocks stay low.
farmprogress.comJacqueline HollandJan 29, 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.
