What Stops the Downtrend in Soybeans? Global #soybeans stocks-to-use at about 32% is historically elevated for one key reason -- supply elasticity due to the price spike to the 2022 peak -- with price-pressure implications. Rapidly increasing exports from South America, notably #Brazil, are a top reason beans are relatively cheap vs. corn. On Bloomberg here: https://blinks.bloomberg.com/news/stories/ss6pi5dwx2ps {BI COMD} #commodities #agriculture #corn #wheat #food @BBGIntelligence