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Rabobank said soybean meal faces a substantial surplus after good crops in the US, Brazil and Argentina, and that Chinese soybean demand has slowed. It also flagged a global wheat deficit from weak EU, UK, Russian and Ukrainian crops and higher Panama Canal costs.
Soybean meal oversupply should push feed protein prices lower, while the wheat deficit and canal costs support wheat and feed grain prices.
thefishsite.comOct 24, 2024Not 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.
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.
