Platts assessed Argentine and Brazilian soybean meal for May loading at $372.36 per metric ton on April 10, the highest since October 2024. Supply tightness in Argentina and a 5% jump in CBOT futures supported prices, while US DDGS was supported by fertilizer costs and logistics concerns.
Slow Argentine harvesting and tight short-term availability lift soymeal costs for Latin American feed buyers, while logistics risks add upward pressure to US DDGS.
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.