Loading…
The IGC soybean price index stood at 242 points in early October, more than 30% above a year earlier and the highest since August 2014. China imported 9.8 million tonnes of soybeans in September, up 19% year on year, with Brazilian supplies tightening and short-dated prices rising sharply.
Strong Chinese import demand and tightening Brazilian availability keep world soybean and soymeal prices elevated, raising feed input costs for buyers.
foodagribusiness.worldAnnet SmaleOct 30, 2020After 696 past bullish trade events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 342 past bullish trade events, SBM moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.
