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Soybean oil futures recently hit new calendar-year highs, and soybean oil's share of crush value has risen. The article notes the world vegetable oil stocks-to-use ratio is among the tightest in years, driven by Chinese import demand and a palm oil price surge tied to dryness in Malaysia and Indonesia.
Tight global vegetable oil stocks and rising oil share of crush value support soybean oil prices and favor crushers who capture oil value, while meal values lag relatively.
dtnpf.comJoel KarlinNov 20, 2019Not 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.
