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Organic soybean meal prices remain high, with merchandisers offering $1,600-$1,700 per short ton and new-crop offers near $1,400. Conventional soybean meal prices rallied sharply as South American weather became the focus.
A tight organic supply and an inverted conventional curve keep feed-grade meal costs elevated, and South American weather concerns support conventional meal prices.
thejacobsen.comDavid BeckerFeb 1, 2022After 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.
