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DTN reports soybean crush values rising sharply as demand for soybean oil grows, driven by new renewable diesel investment. US soybean plantings are expected at a record 91 million acres with ending stocks possibly near 200 million bushels, and cash soybeans trade above $16 across the Midwest.
Strong crush margins and tight US stocks point to firm soybean and soybean oil prices, while crush expansion increases soybean meal output and shifts supply toward meal.
dtnpf.comTodd HultmanApr 29, 2022Not 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.
