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US soybean oil prices are fluctuating in Kansas. USDA's August report put soybean production at a record, with yield up 1-2% from 2021, and crop condition was 58% good to excellent.
Soybean meal futures are at multi-year highs because of strong crush margins.
Record US soybean supply supports a bearish outlook for beans, but strong crush demand and meal prices keep soyoil and meal supported.
chemanalyst.comRene SwannAug 30, 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.
