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CoBank analyst Terry Barr said US soybean ending stocks near 900 million bushels will overhang the market for several years. Record 2017 acreage, high yields and the trade dispute with China have left farmers in a difficult position.
Heavy US inventories cap soybean prices for the coming years unless China returns in volume or acreage shifts, keeping feed meal supplies ample.
farmprogress.comForrest LawsFeb 27, 2019After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.
