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Analyst review of spring soybean prices notes South America is harvesting a record crop and US soybean acreage is expected to rise by 6.1 million acres. Historical comparisons of December soybean meal ranges suggest prices may hold up better than expected.
December meal was trading near $310 per short ton.
Large supply expectations point to pressure, but historical analogs suggest limited downside for soybean meal, which matters for feed cost forecasts.
wattagnet.comMatt BeesonApr 25, 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.
