Loading…
U.S. farmers are planting record soybean acreage in spring 2017, with soybean plantings possibly surpassing corn for the first time. Rising exports to China are holding up prices, though competition to supply China and tense U.S.-China relations are risks.
Larger U.S. soybean acreage increases future supply, which is bearish for soybeans and soymeal, while China demand provides a partial offset.
voanews.comReutersApr 6, 2017After 250 past neutral trade events, SOY moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 224 past neutral trade events, SBM moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
