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Soybean futures closed higher, following vegetable oils, with palm oil sharply higher and US soybean oil hitting fresh contract highs. Brazilian harvest remains slow and China has not yet bought US beans this month.
Strength in vegetable oils lifts soybean oil and soymeal values, with oil leading the complex. Feed buyers should watch meal prices as crush margins shift toward oil.
brownfieldagnews.comFeb 24, 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.
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.
