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University of Illinois analysts summarized the January 12 USDA reports, noting a lower-than-expected U.S. soybean yield of 49.1 bushels per acre and a 2017 soybean production estimate of 4.392 billion bushels. December 1 soybean stocks were 22 million bushels below trade expectations.
A smaller soybean crop and tighter-than-expected stocks support soybean prices, which feeds into soybean meal costs for livestock feeders.
extension.illinois.eduJan 16, 2018After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
