Loading…
Bunge and ADM management teams said they remain bullish on oilseed crush margins for the second half of 2023, citing robust US renewable diesel demand. Soybean oil rallied sharply late in the week after Bunge's comments.
The article also notes the CME soybean oil curve has flattened as Ukrainian rapeseed and sunflower crop-failure risk has faded.
Strong renewable diesel feedstock demand supports soybean oil and crush economics, which in turn sustain soybean meal output. Fading supply risk from Ukraine caps upside in vegetable oil prices.
czapp.comWalter CroninMay 10, 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.
