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United Soybean Board's Mac Marshall outlines four 2024 market drivers, including new US crush capacity and record soymeal exports, which are running 20% ahead of last year's pace. He also flags Argentina's export tax changes under a new government as a competitive factor.
Strong meal export pace supports US soymeal prices, while Argentina's tax changes could expand its competing meal and oil exports and cap US and Brazilian prices.
iasoybeans.comIowa Soybean AssociationDec 21, 2023Not 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.
