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Trilateral reports that the June NOPA crush fell to a 21-month low and soymeal exports dropped 39% year on year. Soybean oil stocks are at a six-month low and the domestic usage ratio is at a seven-year low.
Falling crush and tight soyoil stocks support a bullish case for soybean oil and palm oil prices as demand outpaces production.
trilatinc.comMatthewJul 20, 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.
