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Chicago corn, soymeal and soybean futures hit fresh highs as funds bought heavily and soybean crush spreads widened. Brazil is nearly out of soybeans, Argentine farmers are holding stocks amid labour strikes, and US sales of soybeans, corn, wheat, soymeal and soyoil were strong.
Tightening US and world soybean stocks plus strong export demand point to higher soybean, meal and oil prices, with soyoil rationing needed to balance demand.
iat-ltd.comOct 22, 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.
