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Iowa Farm Bureau's soybean strategy advises patience on new-crop sales until futures return to the mid-$9 range, suggesting offers near $9.50. It cites low pod counts from crop tours and China shifting purchases from the U.S. to Brazil due to the trade war.
Lower-than-average pod counts and China's preference for Brazilian beans together point to a tighter U.S. balance sheet dependent on a late season, supporting prices if the crop disappoints.
iowafarmbureau.comAug 26, 2019Not 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.
