◂ Event Timeline

Nov 29, 2018REPORTUS

Outlook for U.S. Agricultural Trade: November 2018

USDA's November 2018 quarterly trade outlook forecasts U.S. agricultural exports falling $3.0 billion to $141.5 billion, with imports at $127.0 billion. The reduction is tied to lower sales to China.

WHY IT MATTERS

A lower export forecast signals weaker demand for U.S. grains and oilseeds and a larger domestic surplus, which is bearish for prices.

AFFECTSSoybeans▼

SOURCE
ers.usda.govNov 29, 2018

Price reaction & history

Soybeans▼bearishSO FAR1d -0.4%5d +2.1%20d -0.9%

After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.

Sep 3, 2019Long-Term U.S. Agricultural Outlook Affected Broadly by Uncertainty of China’s Markets | Economic Research Service-1.4%
Jun 16, 2026Soybeans and Oil Crops - Market Outlook | Economic Research Service-0.2%
Feb 9, 2023Declining Crop Prices, Rising Production and Exports Highlight U.S. Agricultural Projections to 2032 | Economic Research Service+0.4%
Feb 7, 2022Farm Prices for U.S. Major Field Crops Projected To Decline | Economic Research Service+1.9%
Dec 18, 2019U.S. Farm Income Outlook: November 2019 Forecast+0.8%

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.

Soybeans SOY · GP ▸

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