Loading…
UK soyameal HiPro spot prices fell to £428/t in the weeks after Christmas, the lowest January price in four years. Feed wheat also hit its lowest January price since 2020.
Weaker US exports, reduced Chinese demand and the Brazilian harvest weighed on soy prices.
Lower soymeal and wheat prices reduce UK feed ration costs, and the outlook remains bearish for soy with the Brazilian harvest entering the trade.
poultry.networkFeb 2, 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.
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.
