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Soybean futures reached a six-week high of $9.85 per bushel on September 22 on improved demand, especially from China. Prices remain well below midsummer highs above $10.40, and the Federal Reserve announced it would begin unwinding its balance sheet.
Stronger China buying and South American weather concerns support soybean prices, while Fed balance sheet reduction is a macro factor that could firm the dollar and weigh on exports.
desmoinesregister.comSep 22, 2017Not 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.
