$Crude Palm Oil Futures(MAR5) (FCPOmain.MY)$ Let's continue to talk about soybeans today. Why is it strongly bullish now that soybean and soybean oil is at the historical bottom? A big reason is that soybeans have fallen deeply below the planting cost.
20 years ago, the general planting cost of US soybeans was around $500/acre, and the cost was about 900/bushel. So why US soybean futures have been fluctuating and bottoming out from 2017 to 2020 is because it is near the cost price. The agricultu...

$Soybean Futures(MAR5) (ZSmain.US)$
Two traders familiar with the transaction said that Chinese importers bought four to six Brazilian soybean cargoes to be shipped in October and November earlier this week, which is rare during the peak period of US soybean exports. Traders said that the purchase of expensive Brazilian soybeans highlights the concerns of global importers that the capacity of U.S. Gulf ports will continue to be limited until next month. The U.S. Department of Agriculture announced on Wednesday that two soybean export orders have been cancelled, of which 132,000 tons are from China
Article excerpted from Reuters Financial Morning Post