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August soybean meal futures rallied $85 per short ton as the contract entered delivery and caught up with higher physical prices. US crush expansion has been absorbed domestically, while Brazil has supplied much of the growth in global meal exports.
Limited US meal exports and Argentine shortfalls keep global meal supplies tight, supporting prices for feed buyers. Stronger European import demand could add to that pull.
czapp.comWalter Cronin5 ago 2022Tras 342 eventos alcista de comercio pasados, Harina de soja se movió una mediana de +0,1 % en 5 sesiones (51% al alza; mitad central entre -1,1 % y +2,6 %), y +0,6 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
The $85 delivery rally in August meal futures lifted the front-month price artificially, setting up a sharp reversal once the contract rolled off.
