Loading…
US nearby sunflower prices fell due to producer sales and early spring delivery, while new-crop prices dropped 30-40 cents as growers contracted for fall delivery. Planting is off to an average start, and USDA expects 83.5 million acres of soybeans in 2020, up 10%.
Some analysts see acreage closer to 84.5-85 million as corn prices fall.
Expanded soybean acreage and plentiful global supply are bearish for oilseed and meal prices, with the coronavirus demand outlook adding uncertainty.
hpj.comHPJ StaffMay 1, 2020Not enough comparable past events yet for a historical read.
Not 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.
