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Soybeans were mixed and mostly modestly lower on May 28 as demand from China remained uncertain, with Beijing reportedly buying Brazilian beans. Tensions over coronavirus, Phase One purchases and Hong Kong added uncertainty, and the IGC cut its 2019/20 world soybean production estimate to 336 million tons.
Uncertainty over Chinese demand and continued Brazilian purchases weigh on US soybeans, while lower world supply estimates provide some underlying support.
brownfieldagnews.comMay 28, 2020Not enough comparable past events yet for a historical read.
Not 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.
