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Dec meal fell to a new trading range low of $318 per short ton as traders bought soyoil and sold meal. Soyoil and oilshare strength drove the soy complex, while wheat was mixed and corn was little changed.
Persistent selling of meal relative to oil signals ample meal supply, which keeps protein feed prices soft for buyers.
worldperspectives.comFlowerpress Creative StudioOct 8, 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.
