NEWS
Todd's Take
Todd Hultman DTN Grains Analyst
Tue Feb 9, 2016 06:19 AM CST

Similar to how we looked at corn last week, soybean prices also have a historical tendency to trade in a range related to their production costs as estimated by USDA*. For soybeans, the January futures contract tends to trend within a 20% premium and an 80% premium to cost in years that lacked unusual events like drought.

When I wrote about this a year ago, the expected range for soybeans was $8 to $12. Because USDA estimated 2014-15 U.S. ending soybean stocks at 410 million bushels, Brazil was expecting another record crop, and the U.S. was expected to plant more ...

Quick View
Related News Stories
DTN Technically Speaking Blog
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Closing Grain Comments
DTN Midday Grain Comments