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University of Illinois economist Todd Hubbs believes soybean prices bottomed in early September when the November contract hit about $8.50. He sees limited upside, with prices capped near the high $8s unless yields are far above expectations, and advises growers to store beans and sell into trade or weather rallies.
A seen price floor with limited upside suggests soybean and meal prices may be range-bound through harvest, with South American dryness a possible support.
brownfieldagnews.comMark DorenkampSep 18, 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.
