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Global 2019/20 soybean production is forecast at 337.7 million tonnes, down 5.7%, with ending stocks falling about 12%. Brazil's crop is seen at 123 million tonnes, while US output is projected to decline on lower yields in the Dakotas.
Lower global output and reduced stocks support soybean prices and tighten meal supply for feed buyers.
news.clal.itCLAL TeamJan 20, 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.
