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Proteinresearch.net's outlook for 2018 says global soybean ending stocks are 96.1 million tons versus 94.9 million a year earlier. It forecasts a South African soybean area increase of 25% to 720,000 hectares and notes a bird-flu epidemic that cut at least three million layer hens in the Western Cape.
Large global stocks point to pressure on soy and soymeal prices, while bird-flu losses in South Africa add a modest offset by reducing feed demand from layers.
proteinresearch.netDec 4, 2017After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.
