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Dec-22 soybean meal closed at $417.90 per short ton and Dec-22 soybean oil at $0.7150 per pound in the week ended October 21. NOPA September crush was 158.1 million bushels, above last year but below expectations, with oil stocks at their lowest since September 2020.
A Russian drone strike destroyed a sunflower oil storage facility in Mykolaiv, with losses of a few thousand tons.
Soybean oil stocks at a two-year low and below-expectation crush support oil prices, while meal and oil futures are moving independently of beans, which matters for feed cost planning.
mckeany-flavell.comNicole ThomasOct 24, 2022Not 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.
