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Soybean futures posted a fresh decade low, with November contracts trading near $8.80 after a high of $10.10. Commentary points to a possibly record U.S. crop, record Brazilian acreage, and a prolonged U.S.-China trade conflict.
Expectations of a larger U.S. crop combined with weak basis and the loss of Chinese demand point to continued downward pressure on soybean prices, with sub-$8 levels discussed as possible.
farmprogress.comSep 19, 2018Not enough comparable past events yet for a historical read.
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.
