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The IGC reported soybean export values rose 3% in the prior month, with US Gulf quotations at $333 per tonne fob, while South American prices fell sharply as Brazilian basis weakened about 50%. Canola futures slipped on harvest pressure and EU rapeseed futures were slightly weaker despite expected acreage cuts.
Trade-war uncertainty drove regional price divergence.
Brazilian and Argentine offers falling relative to US prices shifts export competition, and the US-China dispute keeps soybean prices sensitive to trade headlines. Weak South American quotes add pressure on global oilseed meal values.
farmingportal.co.zaFarming PortalDec 19, 2018After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
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.
