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Soybean prices have fallen because China has nearly stopped buying US beans, leaving farmers and elevators struggling to store them. Federal regulators have until December 10 to review a proposed fix for the soybean futures contract.
Consumer food prices have been little affected so far.
Storage strain and doubts about futures convergence weigh on soybean cash prices and hedging, with the regulatory decision a near-term factor for basis and delivery.
will.illinois.eduAmy MayerNov 19, 2018After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% 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.
