Loading…
Spot Market Insights published a soymeal market report highlighting that the next six weeks are critical for the US soybean crop, with ratings still well above last year. The report says weather patterns, including possible La Nina conditions, could drive position changes and raise soymeal spot prices.
If dry or hot weather during the critical maturation period cuts yields, soymeal supplies would tighten and spot prices would rise quickly. Feed buyers should watch crop condition ratings closely.
prnewswire.comSpot Market InsightsJul 13, 2016After 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 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.
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.
