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Argentina's crushing industry is running at 46% idle capacity in January-February, the highest since 2015, according to Ciara-CEC. Crushers processed 6.07 million mt of soybeans in the period, and soyoil exports hit a record for the season.
High idle capacity raises crush costs and may pressure farmgate soybean prices, while strong soyoil export demand supports vegetable oil prices. Soymeal shipments remain large, adding supply to world feed markets.
fastmarkets.comJuan Pedro TomasApr 7, 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.
