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Walter Cronin of White River Nutrition argues the US soybean processing industry cannot supply enough meal for domestic and global demand. Analysts had projected excess meal supply from new crush capacity.
Volatility in cash basis and futures is expected to continue until new South American supplies arrive.
Persistent meal tightness supports soymeal prices and basis levels until South American supplies come online. The timing of new crush capacity is a key factor.
whiteriversoy.comOct 10, 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.
