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November 2016 soybean futures peaked at $11.86 per bushel on June 13 and fell to $10.21 on July 8, then recovered to about $10.65. University of Illinois economist Darrel Good said U.S. crop prospects would now mostly drive direction.
With the U.S. crop outlook setting price direction, buyers should expect soybean and meal costs to track weather and yield expectations rather than demand.
agweek.comDebra Levey Larson, University of IllinoisJul 11, 2016Not 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.
