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Soybean prices rallied moderately the prior week. Analyst Todd Hubbs notes a large South American crop and coronavirus-related uncertainty weigh on U.S. demand, while China's phase one purchase commitments are running well ahead of last year.
A large Brazilian crop and possible Chinese demand shortfall cap upside for old-crop soybeans, though any pickup in Chinese buying could support prices.
u.osu.eduruff.72 atFeb 18, 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.
