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Gordon Denny, a US soy consultant, says the 2024 US soybean crop averaged 10.5% moisture against the standard 13%, giving buyers more oil and meal per bushel. Farmers missed an estimated $1.4bn in revenue, or $0.32 per bushel, while some crushing plants slowed by up to 20% due to dry beans.
Lower-moisture beans raise processor yields of oil and meal per bushel, which increases product supply and trims effective cost for buyers, while farmers receive less revenue per bushel.
agnavigator.comJane ByrneJan 14, 2025Not 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.
