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July 2018 soybean futures fell below $8.90, a level not seen since March 2016, while new-crop November contracts pressed toward $9.00. Analysts point to trade relations with China and NAFTA uncertainty as the main headwinds, while crop conditions and planting progress were ahead of normal.
Persistent trade-related selling keeps soybean prices under pressure and makes hedging decisions for old and new crop more difficult for feed buyers.
farmprogress.comKevin Van TrumpJun 19, 2018Not 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.
