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A USDA report finds Brazil has overtaken the U.S. as the world's top soybean exporter, with U.S. market share falling from 66% in 1992 to 40% in 2017. It attributes the shift to Brazil's infrastructure investment and lower production and freight costs.
Lower South American costs and rising Brazilian share pressure U.S. soybean export demand and basis, which tends to weigh on U.S. soybean and soybean meal prices.
dtnpf.comFeb 1, 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.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
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.
