Loading…
Econbrowser analysis notes US, Brazilian and Argentine soybean prices have converged, and current prices remain below the five-year average. China's import demand has fallen sharply, with February imports down 17% year on year, due to tariffs and reduced feed demand from African swine fever.
Weak Chinese import demand and the tariff gap leave soybean prices depressed, and flooding in the Midwest adds further pressure on farm incomes and soymeal pricing.
econbrowser.comMenzie ChinnMar 24, 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.
