Loading…
An analyst outlines bull and bear cases for soybeans: Argentine dryness and slow farmer selling versus better Brazilian weather and harvest progress. U.S. ending stocks of 450-500 million bushels and expected record U.S. plantings make prices above $10 hard to justify.
NAFTA talks resumed in Canada, and the odds of a full U.S. withdrawal appeared to have eased.
Weather risk in Argentina and trade-policy uncertainty support prices, but a burdensome U.S. balance sheet caps the upside for soymeal costs.
farmprogress.comKevin Van TrumpJan 25, 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.
