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Analyst Don Roose of U.S. Commodities says soybean meal prices remain strong because Argentina, the largest meal supplier, has a deficit after last year's drought. Strong export sales and solid domestic crush demand support the outlook, though meal prices had eased from their Friday highs.
Argentine supply shortfalls keep U.S. meal demand firm, which supports soybean prices through crush economics.
brownfieldagnews.comCarah HartOct 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.
