Loading…
A Seeking Alpha analysis says soybean futures have been depressed by trade wars, with China's 600,000-tonne purchase ahead of trade talks. The author expects a seasonal rally into the October USDA report, which is due October 10, and notes global soybean supplies could fall about 6% per the International Grains Council.
Expected seasonal strength and possible tighter global supplies support soybean prices into the October USDA report, though trade talk outcomes remain a key risk.
seekingalpha.comCOT SignalsSep 30, 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.
