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A U.S. Soybean Export Council official said oil now accounts for about 40 to 45 percent of soybean value, up from 30 to 35 percent historically. He expects this share to persist for years.
The article attributes the shift to soybean oil's growing importance in crop pricing.
A larger oil share means soybean oil demand, including biofuel use, increasingly sets soybean prices, leaving soymeal relatively cheaper and supportive for feed buyers.
producer.comsaskatoonnewsroomMay 17, 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.
