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A farmdoc daily outlook discusses soybean crush prospects, noting that NOPA crush estimates showed crush picking up substantially in October. It links the pace to moderate soybean export demand and a decent crush margin.
Steady crush demand supports domestic soymeal supply and underpins soybean values, but the impact on prices is modest and depends on export pace and crush margins.
doi.orgHubbs, ToddJan 1, 2019After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
