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An Illinois economist says US soybean prices have fallen over recent months largely because of weak Chinese demand. Strong domestic crushing, which USDA raised by 25 million bushels to over 2 billion for the marketing year, could offset some of that weakness.
Crushing has been robust since February after Argentine crop problems lifted meal prices.
Heavy crush supports soybean meal output and domestic soybean demand, which could cushion soybean prices against the loss of Chinese export demand.
brownfieldagnews.comJun 13, 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.
