Loading…
Oilseeds rebounded after Argentina's weekend rains proved too light and late to rescue yields, with coverage limited to parts of Cordoba, Santa Fe and Buenos Aires. Argentine February crush fell 9% year on year to 2.37 million tonnes, and May soymeal rose 0.7% to $364.20 per short ton.
Persistent Argentine dryness and weaker crush keep South American soymeal supplies tight, supporting meal prices against soyoil softness.
businessamlive.comadsbygoogle = window.adsbygoogleMar 21, 2018After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
After 49 past bearish weather events, Soybean Oil moved a median -0.5% over 5 sessions (43% higher; middle half -3.2% to +1.0%), and -0.3% over 20.
After 181 past bullish weather events, Palm Oil moved a median +0.5% over 5 sessions (56% higher; middle half -0.9% to +1.9%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
