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CBOT December soybean meal futures hit a contract high of $439.40 per short ton on Wednesday, up more than 16% in two weeks. Meal prices are at their highest for the week since 2012 and nearby contracts trade at a steep premium to deferred ones.
Rising U.S. export demand and sharply reduced Argentine supplies tighten the global meal market, supporting U.S. meal prices and crush margins.
reuters.comKaren BraunOct 27, 2023Not 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.
