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Global oilseed consultant John Baize warns that new and expanded US soybean crush plants, at least five expansions and about a dozen new plants by 2025, could produce 12-13 million more tons of soybean meal annually. He says the meal will need to be exported or find domestic demand, which is not yet in place.
Rising meal supply relative to demand would weigh on soybean meal prices even as crush margins support soybean demand. Feed buyers may see softer meal pricing over the coming years.
brownfieldagnews.comMark DorenkampJul 21, 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.
