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A Stewart-Peterson analysis explains that soybean meal prices have not fallen with soybeans after the June decline in crude oil and the end of Indonesia's vegetable oil export ban. Soymeal is a co-product of oil crushing, so prices depend on the balance between oil demand and meal supply.
Because meal is a byproduct of crush, soymeal prices can diverge from beans when oil demand shifts, which complicates feed buying strategy. Buyers should track oil demand when timing meal purchases.
totalfarmmarketing.comScott Masters, Michael MinsterJul 6, 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.
