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US soybean farmers are holding harvested beans in silos, bins and improvised storage rather than selling, hoping China returns to the market. Soybeans fetched $8.87 a bushel on the Friday cited, about $2 below pre-tariff levels.
Record production is straining storage and raising spoilage risk.
Farmer holding of unsold beans delays supply to the market and keeps cash prices depressed, though spoilage risk and the chance of a China deal could shift the balance quickly.
caixinglobal.comShruti Date Singh, Isis Almeida, Mario ParkerNov 13, 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.
