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A U.S. Commodities analyst says U.S. soybean exports could slow sharply after January as Brazil starts its large harvest. Chinese buyers have been purchasing U.S. beans steadily, with China's November imports near eight million tonnes, the highest in almost a year.
Expected shifts of demand to Brazil and a strong dollar could reduce U.S. export competitiveness and pressure U.S. soybean prices in early 2017.
brownfieldagnews.comMark DorenkampDec 19, 2016After 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.
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.
