
The USDA's November WASDE kept its 2021-22 soybean oil biofuel forecast at 11 billion pounds and raised its 2020-21 estimate to 8.85 billion pounds. It cut US soybean production by 23 million bushels to 4.42 billion on lower yields, reduced exports and raised ending stocks by 20 million bushels.
A smaller US crop and lower exports push soybean prices higher, which supports the soybean complex. Soybean meal and oil prices were left unchanged in the forecast, so the effect is mainly on beans.
Setelah 747 peristiwa laporan bullish sebelumnya, Kedelai bergerak median +0,3% selama 5 sesi (54% lebih tinggi; separuh tengah -1,4% sampai +2,1%), dan +0,8% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.