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Scottish feed supplier reports protein feed prices rising in late January 2023, led by soya, while cereal prices eased slightly. Argentine drought is expected to cut soybean yields 45-50% and leave at least 0.5M hectares unplanted, partly offset by Brazil's harvest.
Delivered soya is quoted near £568/t and distillers grains around £378-393/t.
Argentine soybean shortfall tightens global protein supply, supporting soymeal and mid-protein feed prices, with possible tight shipments in April. Buyers face higher protein costs unless Chinese demand weakens.
fas.scotJan 23, 2023After 1,079 past bullish weather events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 453 past bullish weather events, SBM moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
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.
