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Indian feed industry experts blame excessive futures market speculation for a 36% rise in soybean prices and a 38% rise in meal prices this year. The Solvent Extractors' Association commented at a webinar.
If speculation rather than physical tightness drives Indian soybean and meal prices, the rally could reverse as futures positions unwind, which would ease domestic feed costs.
asian-agribiz.comZahrah ImtiazApr 13, 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.
