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Economist Todd Hubbs says recent China trade developments supported soybean prices and raised hopes of reducing the 910 million-bushel ending-stock projection. Crush for the first four months of the marketing year reached 714 million bushels, 6.5% above the prior year.
Strong crush pace supports soybean meal supply and demand, and reducing stocks would require more exports, which is supportive for prices.
morningagclips.comAubreyFeb 27, 2019
proag.comFeb 27, 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.
