
International soybean meal prices rebounded in August, with CBOT meal up 5% to $282.4 per ton after a US crusher maintenance shutdown raised short-term supply concerns. CBOT soybean oil fell 3.7% after four months of gains.
Domestic Brazilian meal and oil prices rose, supported by strong biodiesel demand under the B15 program.
Strong Brazilian biodiesel-driven oil demand and firm domestic meal prices support Brazilian crushers' margins, which are increasingly dependent on oil sales.
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.