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German oil meal prices remain elevated, with rapeseed meal well above last year and peaking in August 2022. Demand for prompt-delivery rapeseed meal is weak, while contracts for November delivery attract more interest.
Soybean meal prices eased in early September after US yield forecasts were revised.
Abundant rapeseed harvest supply versus weak prompt demand points to softer near-term European meal prices, while longer-dated contracts stay firmer. Soybean meal's decline after the USDA revision suggests the US crop outlook is the key price driver.
tridge.comVictor LangatSep 15, 2022Not 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.
