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An analyst commentary examines whether March 2025 soybean meal near $320 per short ton is too cheap. It cites USDA's September balance sheet showing a 12.6% stocks-to-use ratio and suggests prices could fall below $300 absent South American crop problems.
A high projected US carryover points to bearish soybean meal pricing unless South American weather, possibly under La Nina, disrupts the 2024/25 crop and Brazilian output.
lacocommodities.comDavid TedrowSep 20, 2024Not 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.
