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US soybean futures rose to a four-year high in the autumn, letting US farmers sell at a profit after trade-war losses. Brazilian farmers who had committed to earlier, lower-priced contracts may now seek to renegotiate, as Brazil sold out early to China.
Strong Chinese demand has pulled the market higher, and Brazil's early sell-out means tighter South American supply until the new crop arrives.
feedandgrain.comDec 1, 2020Not 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.
