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Analyst Kevin Van Trump says Argentine drought is creating large production headwinds for soybeans. Argentine farmers may hold back supplies amid high inflation and political uncertainty.
He flags Brazilian currency and political risks and the need for US yields near 50 bushels per acre.
Argentine farmers holding back beans tightens near-term soybean and meal availability for crushers. Weather and currency swings remain key drivers of soybean and meal price direction.
farmprogress.comKevin Van TrumpMar 2, 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.
