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US farmers are weighing a shift from soybeans to corn this year as US-China talks continue. China made its third large soybean purchase from the US in four weeks, but US soybean prices are about 15 percent below their 2018 high due to a large South American crop.
Expected acreage shifts from soybeans to corn would tighten corn supply and weigh on soybean supply expectations, shaping feed grain and meal price outlooks.
scmp.comBloombergJan 30, 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.
