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Rain-damaged soybeans in the Mississippi Delta, soaked by late-season storms including Hurricane Florence remnants, do not meet contract quality standards. Farmers who sold forward face penalties for undeliverable contracts, on top of a US-China trade war that has pushed prices to decade lows.
Off-grade supply adds to downward pressure as exporters struggle to place beans without Chinese demand. Quality penalties further squeeze farm margins and may reduce deliverable supply.
farmtario.comKarl PlumeOct 22, 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.
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.
