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Brazilian soybean planting is underway, with Mato Grosso at about 4.8% planted and Parana at roughly 18%, versus 1% and 9% a year earlier. AgRural raised its Brazilian soybean area forecast to 35.8 million hectares as China imposes a 25% tariff on US soybeans and buys more Brazilian beans.
Chinese tariffs on US soybeans shift demand toward Brazil, and strong Brazilian planting and a larger area point to ample future supply, which pressures new-crop soybean and meal prices.
businessinsider.comSep 26, 2018
dtnpf.comLin TanSep 28, 2018After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 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 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
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.
