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Non-GMO soybean meal (48% protein) rose from $552 to $729 per ton between July 2020 and January 2021. The increase followed sharp Chicago gains on South American drought losses and tighter Argentine and Brazilian supply.
India's non-GMO meal exports tripled as buyers in Europe and Asia sought supply.
Tighter supply of non-GMO meal from Brazil and Argentina supports premium meal prices and increases demand for alternative origins such as India and Europe.
non-gmoreport.comKendra MorrisonFeb 9, 2021Not 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.
