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Soybean futures in April fell into a narrow range after a mid-March bounce from contract lows, remaining about $1.30 a bushel below January highs. Analysts said ample US and world supplies and coronavirus concerns kept pressure on the market, and China's purchases of US soybeans have been smaller than expected.
Weak Chinese buying of US beans keeps soybean and meal prices pressured, while Brazilian supply continues to meet Chinese demand.
world-grain.comJay SjervenApr 21, 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.
