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A North Dakota State University analyst expects a possible US-China trade agreement in early May with Chinese buying resuming in late June or July. He argues any soybean rally would be modest because US stocks are large and Chinese buyers may avoid lifting prices.
Limited expected rally potential from a deal keeps soybean upside capped while US supplies remain heavy.
farmprogress.comLon TonnesonMay 2, 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.
