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University of Illinois economist Todd Hubbs warns of downside risk for 2019 soybean prices due to large supplies, South American competition and trade tensions. He notes basis bids near $9.10 for November soybeans and advises producers to watch for rally opportunities.
Large supplies and competition from South America suggest limited upside for new-crop soybean prices, though the outlook depends on trade developments.
brownfieldagnews.comMark DorenkampDec 11, 2018Not 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.
