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An adviser says locking in feed prices may be wise because low U.S. soybean and feed prices may not last. The piece cites China's sharp drop in U.S. soybean imports after tariffs and expects Chinese buying of U.S. soybeans to resume only slowly.
Expectations of renewed Chinese demand could support soybean and meal prices, so buyers may want to hedge current lows. The outlook depends on trade-talk progress, which remains uncertain.
agupdate.comJon BurlesonSep 25, 2019After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.
