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US soybeans in Chicago were just under $8.46 per bushel on May 18, up 0.8%, with soybean meal up 0.1% and oil up 1.0%. April NOPA crush came in 0.7% above trade estimates at 171.754 million bushels, and export inspections reached 795,000 tonnes; Argentina faces logistics problems from low Parana River water levels.
Strong crush and export data plus Argentine river constraints support soybean and meal prices, while expected Chinese import slowdowns cap upside.
mundus-agri.euMay 18, 2020After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% over 20.
After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% over 20.
Not enough comparable past events yet for a historical read.
After 85 past bullish logistics events, Soybean Oil moved a median +0.7% over 5 sessions (64% higher; middle half -1.3% to +2.7%), and +3.1% 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.
