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Marketing of new-crop rapeseed meal began later than buyers expected, and the commodity stayed in short supply with spot prices around 300 euros per ton ex mill. Ex-farm prices fell 40 euros to 318 euros per ton, though still about 30 percent above a year earlier, and soybean meal prices held near year-high levels.
Tight rapeseed meal supply and firm soybean meal prices keep protein meal costs elevated for feed buyers, with little relief expected until new supply builds.
biobased-diesel.comUFOPAug 26, 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.
