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The International Grains Council said in its May 22 report that average global soybean export prices were flat month on month, with Argentine offers down 3% and Gulf and Paranagua prices slightly higher. Support came from strength in soybean oil, while large South American inventories and solid US planting progress weighed on the market.
Soybean oil strength is propping up soybean values even as ample South American supply caps export prices. Buyers should expect little net direction in soymeal and beans until either oil demand or South American selling changes.
tridge.comEconomic timesMay 29, 2025Not 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.
