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DTN analyst Todd Hultman notes a bullish outside weekly reversal in November soybeans, the 37th since 2000. He says fundamentals remain bearish given Brazil's record crop, record US planting estimates and a five-month low in palm oil futures.
A technical bounce does not offset the bearish fundamentals of record South American supply and large US acreage, so soybean prices are likely to stay under pressure, with soybean oil weakened by falling palm oil.
dtnpf.comApr 18, 2017Not enough comparable past events yet for a historical read.
Not 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.
