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Analysts say the US soybean industry faces supply shortages for meal, with volatility in cash and futures markets. Forecasters underestimated plant maintenance delays and robust global demand.
New crush capacity arriving in October is expected to shape the meal outlook.
Tight US meal supply supports soymeal prices until new South American supply arrives. The added crush capacity will test whether the tightness persists.
czapp.comWalter CroninOct 17, 2024Not 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.
