Loading…
Chicago soybean futures fell after the Canadian agriculture minister said a resolution to the US-China trade dispute was unlikely. Canola prices in Chicago dropped 2.6%, and Statistics Canada projected canola area down to 19.8-21.35 million acres as the China dispute weighs on planting.
Lower canola acreage and weaker China demand tighten Canadian rapeseed supply, but the trade-dispute outlook and soybean weakness are pulling prices down for now.
graintrade.com.uaJun 26, 2019After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% 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.
