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US soybean exports remain strong late into the marketing year despite Brazil's large harvest. University of Illinois economist Todd Hubbs says the US crop could be huge if yields reach trend near 48 bushels per acre on 89.5 million acres.
He expects US ending stocks to build and Brazil to expand soybean plantings for 2018.
Strong exports support near-term demand, but expected stock builds and Brazilian acreage growth point to downward pressure on soybean prices into the 2018 marketing year.
iowaagribusinessradionetwork.comStaff EditorJul 31, 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.
