Loading…
Oil World's market update says global soybean supply is sufficient for demand this season despite South American drought, which pressures soybean meal and soybean prices. EU rapeseed crushers will rely on large Canadian and Australian imports in January to June 2025 because EU supply is short.
EU rapeseed production is expected to recover in 2025 but stay below potential after lower plantings.
Ample global soybean supply keeps soymeal under pressure, while EU import needs support rapeseed and canola demand in the second half of the season. Lower EU plantings limit how much new supply can cap prices next season.
rapool.comJan 20, 2025After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% over 20.
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.
