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The Iowa Soybean Association projects a record Iowa soybean crop of 611 million bushels at 61 bushels per acre. Soybean oil has reached near price parity with soybean meal, driven by renewable fuel and biodiesel demand, and meal prices are down about 20% for the calendar year.
Stronger oil demand is driving more crushing, which increases meal supply and keeps meal prices low, a benefit for feed buyers. The large crop adds supply pressure on soybeans.
iasoybeans.comIowa Soybean AssociationDec 14, 2021Not 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.
