Runaway price hikes has soy farmers hoarding all they can

After 44 past bullish macro events, Soybean Meal moved a median -0.6% over 5 sessions (34% higher; middle half -1.9% to +0.9%), and -2.9% over 20.

• Apr 11, 2021Argentine farmers, facing peso uncertainty, hoard soya despite high prices - Markets - Business Recorder-0.1%
• Aug 28, 2022Argentines flocked to buy dollars to protect savings from crisis | Buenos Aires Times-5.9%
• May 16, 2018‘Start selling so dollars come in,’ Argentine soybean farmers are told-1.3%
• Jan 27, 2020Due to oil prices on the world market, the prices of all commodities are rising – Lider Media-2.4%
• Jun 4, 2018FoodFarmNews: China’s pig farmers plan to produce mega hog-farms to meet demands of world’s biggest pork market-4.4%

After 28 past bullish macro events, Soybean Oil moved a median -1.2% over 5 sessions (32% higher; middle half -2.1% to +1.8%), and -2.3% over 20.

• Feb 28, 2024Against the background of rising oil prices, palm and soybean oil prices rose, despite the absence of fundamental supporting factors-0.0%
• May 27, 2026Tight Stocks, Wide Ranges: 2026 Crop Price Scenarios - American AgCredit+2.2%
• Mar 8, 2021VEGOILS-Palm oil rises nearly 4% to two-month high as crude, soyoil rally By Reuters+9.1%
• Mar 13, 2020Crude oil sell-offs see prices for palm oil decline | Analysis & Features | The Grocer-2.6%
• Jun 10, 2021In the eye of the storm: How the oilseeds market emerged as the global driver of agriculture markets, its role in wider food price inflation - Fastmarkets-10.5%