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A Barchart columnist argues that rising commodity prices since 2020 are beginning to curb demand and encourage more supply. He expects a 2023 surplus of soybean supply to push soybean oil prices lower.
The piece frames the outlook around the commodity cycle having peaked in June 2022.
An expected soybean supply surplus for 2023/24 points to lower soybean oil and crush values, which would also weigh on soybean meal prices. Feed buyers may see softer protein input costs ahead.
barchart.comDon DawsonMay 20, 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.
