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March soybean meal closed up $10.10 to $365.90 in the week before December 13, 2021, its highest close in four months, with the December contract trading $12 over March. March soybean oil fell 3.31 cents to 53.76 cents, its lowest close in five months, after breaking a long uptrend on November 30.
A lysine shortage is boosting meal demand as end users pay up for physical supply, supporting meal prices. Soyoil weakness reflects falling palm and biodiesel-related demand expectations, shifting the crush margin toward meal.
dtnpf.comTodd HultmanDec 13, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
