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China's soybean oil futures reached 10,278 yuan per tonne, the highest since October 2012, before easing. Crush margins in Shandong recovered to their strongest since March on soyoil strength, despite weak soymeal demand from hog producers.
Strong soyoil prices encourage crushing, adding soymeal supply even as meal demand is soft, which pressures meal prices while supporting soybean oil.
ukragroconsult.comOct 23, 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.
