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US soybean futures fell 1.1% on Tuesday to their lowest in over a week after INTL FCStone raised its 2016-17 Brazil soybean estimate to 109.07 million tonnes and corn to 93.3 million tonnes. Chicago May soybeans settled at $10.25 a bushel and corn at $3.76.
A larger Brazilian crop expands global export supply of soybeans and corn, pressuring prices and softening feed ingredient costs.
agcanada.comAGCanadaMar 7, 2017After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 118 past bearish weather events, Soybean Meal moved a median -0.8% over 5 sessions (35% higher; middle half -3.2% to +0.4%), and -1.6% over 20.
After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% 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.
