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Analysts expect a long soybean meal versus short soybean oil trade to gain popularity as biofuel demand for soyoil slumps. Soymeal demand may rise from concerns over Argentine supplies, slowing U.S. DDG output, and Chinese crusher shortages, while Chinese crush margins hit an eight-year high.
Falling biofuel-driven soyoil demand weighs on soybean oil prices, while tighter meal supply from Argentina and reduced DDG output supports soybean meal prices. High Chinese crush margins signal continued strong demand for meal.
thejacobsen.comTore AldenMar 27, 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.
