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E-Hedger analyst Ryland Textor said soybeans from the Pacific Northwest are the most price-competitive for export right now as Chinese buying picks up. He expects them to stay competitive until Brazil's currency weakens further.
Competitive PNW basis and export prices could draw Chinese buying, supporting US soybean export flows if China follows through on phase one commitments.
brownfieldagnews.comApr 10, 2020After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.
