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A DTN analysis reviews seasonal November soybean futures from 1991 to 2016, finding prices typically drift lower from March, June and September starts. The piece cites record world soybean stocks, the highest US stock-to-use in ten years, and record US planting intentions of 89.5 million acres.
The historical tendency for prices to retreat into harvest, combined with record stocks and large acreage, supports a bearish outlook for soybean and meal prices this fall.
dtnpf.comJoel KarlinApr 24, 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.
