Loading…
Rabobank has cut its soybean price forecasts due to large expected crops in the US and South America. The bank also flagged delayed Chinese buying and the possibility that slow US corn planting could shift acres to soybeans.
A bearish forecast revision from a major bank signals weaker expected soybean prices, and a shift of US acres toward soybeans would add to supply and pressure prices further.
ctrmcenter.comCTRM Center CommunityApr 26, 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.
