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May soybean futures rose to about $16.83 per bushel on the Chicago Board of Trade, though the crop had slid about 2% over the prior week. Reports cite soaring diesel costs, high freight rates, and poor road conditions hindering Brazilian soybean shipments.
Indonesia's palm oil export ban added to concerns about global vegetable oil supplies.
Higher logistics costs out of Brazil and tight vegoil supplies support soybean and meal prices, raising costs for feed formulators.
fxdailyreport.comDaffa ZakyApr 27, 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.
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.
