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German oilseed meal prices climbed significantly from August to September 2020. Rapeseed meal rose €22 to €238 per tonne and soybean meal rose €38, reaching its highest level in five months.
Demand was steady and supply on nearby positions was limited, and Chicago soybean futures rose 10% in September on Chinese demand.
Limited European rapeseed meal supply and firm Chicago soybean prices lift European feed protein costs. Buyers in Europe should expect continued firmness in meal prices.
biofuels-news.comBiofuels Int @biofuelsmagOct 5, 2020Not 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.
