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Soybean futures posted a fourth straight annual gain in 2022, and analysts are debating whether 2023 will bring a fifth. Goldman Sachs prefers corn to soy and expects soy at $15.00 per bushel over three months.
Rabobank expects Chicago soy to fall to $13.10 by the fourth quarter of 2023.
Divergent bank forecasts reflect uncertainty over Argentine crop risk, Brazilian export competition and China's demand recovery. That uncertainty leaves the soybean price outlook open in both directions.
grainpricenews.comMike VerdinJan 3, 2023Not 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.
