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Soybeans soared to an eight-month high on hopes for stronger U.S. soybean exports in coming months and concerns about South American weather and political turmoil. The most recent price of $9.55 a bushel was the highest for last year's crop since harvest, prompting heavy farmer selling to cover planting costs.
U.S. interest rates remain near 0.5 percent with the Federal Reserve still projecting rate increases this year.
Expected export demand and South American weather concerns support soybean prices, while heavy farmer selling may cap near-term gains. Feed buyers should watch export demand and farmer marketing pace.
greeleytribune.comAlex BreitingerApr 16, 2016Not enough comparable past events yet for a historical read.
Not 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.
