Loading…
German livestock farmers placed large compound feed orders in mid-March amid border closure fears, which drove a sharp rise in demand for protein components. Chicago soymeal reached its highest level since August 2018 in early April.
Lower Argentine meal output after an oil mill insolvency also added to the price rise.
Front-loaded buying and reduced Argentine supply tightened soymeal availability and lifted prices. The rally could ease if feed buying slows or Argentine output recovers.
biofuelsdigest.comApr 5, 2020Not 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.
