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Soybean cash prices rose above $14.25/bu in mid-January 2021 after a low of $8.31 during 2020, before easing slightly to about $13.20. Demand from China is rebuilding its hog herd after African swine fever, supporting demand for soybean meal and feed protein.
Low US grain stocks also support prices.
Chinese demand recovery for feed protein tightens global soybean supply and supports prices. Low US stocks reinforce the price floor for soybeans and soybean meal.
uaex.uada.eduJan 25, 2021Not 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.
