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Traders describe a cautious market with large swings in futures and the dollar. Argentina is increasingly supplying soybeans and meal because of drought, and high meal prices reflect scarce available supply.
Drought-reduced Argentine supply and limited meal availability keep soymeal prices high, raising feed costs. Currency swings in the peso and dollar add volatility to physical pricing.
demolenaar.nlLourens GenglerFeb 22, 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.
