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Scott Irwin of the University of Illinois expects weak US soybean crush and export demand, forecasting 2024/25 ending stocks above 500 million bushels and an average farm price near $10.75 per bushel. He says renewable diesel and crush capacity is overbuilt compared with EPA mandates.
Expectations of high stocks and overcapacity in crush point to lower soybean and soybean meal prices, with possible knock-on pressure on Canadian canola.
producer.comSean PrattJun 3, 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.
