Loading…
Soymeal was supported by tight meal supplies in the far west and inconsistent new crush plant output. Managed funds were net long nearly 100K meal contracts while being much less short soybeans, and flood damage in Rio Grande do Sul was being assessed.
Tight meal availability and fund buying support near-term soymeal prices, while Brazilian flood losses add to South American supply risk.
walshtrading.comSean LuskMay 24, 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.
