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Soymeal futures rose $9.20 to $498.50/ton on domestic demand and Argentine crop worries, pulling soybeans higher for a third day. Corn also firmed on technical buying, with hopes for renewed export purchases.
Argentine drought cuts and slow crushing tighten global meal supply, supporting soymeal and feed costs for buyers ahead of USDA cuts.
feedstuffs.comJacqueline HollandMar 3, 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.
