Record Harvests Could Apply Downward Pressure on Soybean Prices
May 23, 2023 at 11:24 AM EDT
A record soybean harvest could continue to put downward pressure on soybean prices. Year-to-date, soybean futures contracts via the Chicago Board of Trade (CBOT) exchange are down about 10%. Supply Fluctuations In the long-term horizon (the past five years), however, futures prices for soybeans are up over 30%. Prices reached a peak near the end [...] The post Record Harvests Could Apply Downward Pressure on Soybean Prices appeared first on ETF Trends .
