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Bunge CEO Greg Heckman told investors that global crop supplies will stay tight over the next couple of years due to structural production shortfalls, climate extremes, and supply chain disruptions. He said the Black Sea export disruption from the Ukraine-Russia conflict will persist even if the war ended.
The company highlighted strong soyoil demand from US renewable diesel growth.
Persistently tight grain and oilseed supplies, combined with renewable diesel demand pulling soyoil, support higher prices for soybean oil and related feed inputs such as meal and corn.
grainpricenews.comMike VerdinOct 27, 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.
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.
