# Factors I see that could push bean prices higher

> Analyst Kevin Van Trump notes bulls expect USDA to trim its soybean yield forecast and tighten the balance sheet, while bears argue supplies remain ample. The November soybean contract has fallen below its 200-day moving average near $9.75 per bushel, and he sees prices rangebound between $9.20 and $10.20. He also flags possible Argentine export tax cuts and South American weather risks.

- Date: 2017-10-27 · published 2017-10-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68491-factors-i-see-that-could-push-bean-prices-higher
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Possible yield cuts and weather problems in South America support prices, while a cut in Argentina's export tax would add supply and weigh on prices.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Sources

- farmprogress.com: https://www.farmprogress.com/soybean/factors-i-see-that-could-push-bean-prices-higher

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.