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Kansas State grain economist Dan O'Brian says the market pressure in February is technical, tied to March contract expiry rather than supply and demand. Soybean export prospects are improving, with over 83 million bushels set to export as of February 21, and planting moisture in Iowa, Illinois and Kansas is a watch item.
Commentary on seasonal technical pressure with improving soybean export sales is routine market analysis, with production and moisture becoming the next price drivers.
wylr.netApr 3, 2019Not enough comparable past events yet for a historical read.
Not 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.
