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The WASDE update for U.S. 2016/17 soybeans showed higher crush, lower exports and increased ending stocks compared with the prior month's report. The notice is a brief summary of the revised supply and use figures.
Lower exports and higher ending stocks signal looser U.S. soybean supply, which is bearish for soybean and meal prices.
zmp.deMar 9, 2017After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
