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Soybean futures averaged $8.90 per bushel in 2019, the lowest since 2007, with an annual range of just $1.66. Trade disputes with China collapsed US exports while African swine fever further reduced Chinese demand.
A narrow, low-price year reflects weak export demand and signals limited price volatility heading into 2020.
dtnpf.comJoel KarlinJan 9, 2020Not 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.
