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Global soybean meal prices rose sharply after China resumed US soybean purchases, with Argentine meal reaching $360/t on November 13, a 13-month high. OilWorld analysts call the surge speculative and say it lacks fundamental support.
Price strength is tied to CBOT futures rather than fundamentals, which point to a US meal glut from record crush; buyers should expect the rally to fade toward normal levels.
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.