Loading…
The U.S. Soybean Export Council says US soybeans are attracting new buyers in Europe, the Middle East, North Asia and Southeast Asia despite reduced Chinese purchases. CEO Jim Sutter describes US beans as relatively cheap versus South American supply at this time of year.
Diversified export demand from new destinations supports US soybean prices and basis even as China shifts toward Brazil.
brownfieldagnews.comNicole HeslipMay 3, 2018After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.
