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March soybean futures settled above $14.90 a bushel and May contracts hit an overnight high of $15.01. Soymeal and soyoil also moved higher while crude oil climbed to $88 a barrel.
Soybeans touching $15 signal tight South American supply and raise feed costs for soymeal-based rations. Crude strength supports soyoil and biofuel demand.
agriculture.comMike McGinnisJan 31, 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.
