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DTN lead analyst Todd Hultman writes that daily soybean price moves often lack an obvious cause, noting soybeans rose two weeks ago on Argentine flooding concerns and then fell as weather turned drier. He argues price trend is a more useful guide than trying to explain every move.
It is routine commentary with no new supply or demand development, so it gives buyers no fresh basis for changing soybean meal procurement.
dtnpf.comJan 31, 2017Not 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.
