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Investors are hesitating over planned US soybean crushing plants in Wisconsin and New York because of the US-China trade war. China has largely stopped buying US beans and has bought from Brazil since its 25% tariff in July.
Crush margins are strong but seen as uncertain before the March 2 deadline.
Weaker expected crush capacity growth limits the outlet for US beans and the future meal and oil supply, which keeps pressure on soybean prices while the trade dispute is unresolved.
voanews.comReutersDec 20, 2018After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
