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A March 2 market note says the soybean trade has focused on exports, but overlooks a possible rise in soymeal crush and export demand. Argentina's crush industry has been hit by economic issues, and many countries, including China, source much of their meal from Argentina.
If Argentine meal supply falls and crush demand rises, soymeal prices could strengthen relative to soybeans, affecting feed costs.
iowafarmbureau.comDirck SteimelMar 2, 2020Not 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.
