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Soybeans and corn rallied modestly from recent lows on commercial and technical buying, though fundamentals remain bearish with an expected record U.S. crop and no progress in China trade talks. Reports indicate China may mandate lower soymeal ratios in feed, and Argentina's budget would raise soybean export taxes to 33% through 2020.
Bearish U.S. supply outlook and weak Chinese demand keep pressure on soybean and corn prices, while a possible cut in soymeal inclusion in China would reduce meal demand for feed buyers. Argentina's export tax hike could tighten global soymeal and oil availability and support meal prices.
brownfieldagnews.comSep 19, 2018Not enough comparable past events yet for a historical read.
Not 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.
