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USDA raised its 2020/21 US soybean crush by 15 million bushels to a record 2.195 billion bushels. NOPA reported November crush of 181.0 million bushels, the largest November on record.
Soybean meal and oil values have rallied alongside soybeans amid strikes at Argentine crushing plants.
Strong crush pace boosts meal and oil output and demand for soybeans, supporting soybean prices. Argentine labor disruption adds support to meal and oil prices as buyers may shift demand to US supply.
dtnpf.comJoel KarlinDec 23, 2020Not 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.
