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Trilateral's technical commentary says soybean oil prices are in the 15th percentile of the last ten years and that the prior downtrend has ended. It cites African swine fever in Southeast Asia pressuring meal demand and rising Chinese soyoil imports.
Low stocks-to-use for world edible oils and strong Chinese soyoil imports support prices, though the analysis is technical and not a new supply event.
trilatinc.comMatthewOct 22, 2019Not 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.
