Loading…
World Grain's review says oilseed prices rose sharply in recent weeks as vegetable oil demand firmed and export availability fell. It cites FAO data showing a 14.5% monthly jump in world vegetable oil prices in November, and USDA ERS cutting 2020-21 global soybean production by 586,000 tonnes to 362.1 million.
Tighter global vegetable oil and soybean supplies support higher prices for soybean meal and oils used in feed formulations, raising feed input costs.
world-grain.comChris LyddonJan 22, 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.
