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NOPA reported March soybean crush of about 153 million bushels, below March 2016, while soyoil stocks rose for a fourth straight month. Meal exports were the largest monthly total since 2013.
The US Commerce Department will decide on May 8 whether to impose duties on Argentine and Indonesian biodiesel.
Weak crush and export inspections point to soft soybean demand, while the biodiesel dumping decision could affect soyoil and palm oil flows.
farmprogress.comKevin Van TrumpApr 19, 2017After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% over 20.
After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% 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.
