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Oilseed and grain prices kept rising last week even with US markets closed Thursday and Friday, and CME soybean meal traded above $400/ton several times. Peruvian fishmeal prices fell about $100/ton as the anchovy catch progressed.
Dry weather in South America is supporting soymeal and oilseed prices, though analysts expect a near-term correction. Peruvian fishmeal weakness reflects ample catch and sales resistance, which may ease protein costs.
en.lider.mediaIva Marđetko MatešNov 30, 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.
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.
