Loading…
USDA's Foreign Agricultural Service expects Japan's soybean imports to rise to 3.386 million tonnes in 2019-20 and 3.405 million tonnes in 2020-21, up from 3.314 million in 2018-19. The increase reflects a favorable crush margin, advance contracting by crushers, and suppressed soybean prices.
Higher Japanese import demand supports soybean and soybean meal trade, mainly from the US, though the increase is modest. Suppressed prices are encouraging forward buying, which is mildly supportive for soybeans.
world-grain.comSusan ReidyApr 9, 2020After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
