Loading…
A joint OECD-FAO agricultural outlook for 2019-28 projects that real prices for soybeans, other oilseeds and protein meals will decline slightly. Demand growth is expected to lag supply, and China is moving to lower protein meal shares in feed rations.
Lower long-run protein meal demand and ample supply point to weaker real meal and oilseed prices over the decade, which matters for feed buyers planning contracts.
farmtario.comRobert ArnasonJul 30, 2019After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
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.
