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Capital Economics forecasts US soybean prices will fall about 40 cents to $8.50 per bushel in 2020 because lower Chinese consumption will weigh on demand regardless of trade talks. China consumes just under one-third of the global crop and accounts for about two-thirds of world soybean trade.
Swine fever in China is cited as a factor reducing demand.
A weaker outlook for Chinese soybean demand points to lower US soybean prices and cheaper soymeal feed inputs in 2020.
startribune.comAdam BelzDec 13, 2019Not 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.
