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University of Illinois economist Todd Hubbs projects 2019 US soybean acreage will exceed needs by more than 10 million acres. He calls China trade the top soybean pricing issue and estimates the coming year's price at about $8.40 a bushel.
Excess projected acreage points to a bearish soybean outlook unless China trade expands demand, a key uncertainty for meal and bean prices.
brownfieldagnews.comTom SteeverFeb 1, 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.
