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Traders are watching western Canadian weather, where drought relief has been uneven and seeding is progressing, along with US-China trade talks that may affect soybean purchases. Analysts say weather will be the key factor over the coming months.
Dry weather in the Prairies could cut canola supply, while a US-China deal could lift soybean demand, both supporting oilseed meal prices.
farmtario.comAshley RobinsonMay 23, 2018Not enough comparable past events yet for a historical read.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
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.
