
Meal futures reached a multi-week high on February 25, with soymeal about $3.80 higher and soyoil about 30 points firmer. Soybeans were little changed, and EPA biofuel blending volume proposals were heading to the White House.
Dryness was flagged for parts of Argentina and southern Brazil's safrinha corn areas.
Stronger meal prices raise feed protein costs for buyers, and the pending biofuel volume rule could support soybean oil demand and crush margins. Dry weather in South America is a further supply risk for soybean meal.
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.