◂ Event Timeline

Apr 23, 2020TRADEUS

Soybean Prices in the Pacific Northwest are Competitive

Soybean prices out of the Pacific Northwest are the most competitive right now, according to E-Hedger analyst Ryland Textor. Sales to China are picking up.

A China purchase at these prices would be a good bargain for buyers.

WHY IT MATTERS

Pickup in Chinese buying from the Pacific Northwest supports US soybean export demand and prices. Competitive PNW prices make the region attractive for Asian buyers.

AFFECTSSoybeans▲

SOURCE
rrfn.comCarah HartApr 23, 2020

Price reaction & history

Soybeans▲bullishSO FAR1d +0.5%5d -0.4%20d +1.4%

After 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.

Jun 25, 2021China Buys More U.S. Soybeans | Red River Farm Network+5.5%
Aug 13, 2020Soybean Demand Offers Hope for the Market | Red River Farm Network+2.5%
Dec 17, 2020Soybean Demand Stays Strong | Red River Farm Network+6.3%
May 5, 2020China and Mexico Buy U.S. Corn and Soybeans | Red River Farm Network+2.2%
Jan 27, 2021The sharp rise in prices of soybean oil will support prices for sunflower oil and sunflower-1.1%

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.

Soybeans SOY · GP ▸

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