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Soybean futures rebounded overnight on buying in financial assets after a strong week of export sales failed to lift the market on Thursday. Heavy deliveries continue to weigh on cash markets, and funds may cover short positions ahead of spring.
Short-covering can lift futures temporarily, but heavy deliveries and weak cash markets keep the price outlook for soybean meal and feed buyers soft.
farmprogress.comMar 1, 2019Not 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.
