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A Missouri Soybean official says each 10-cent drop in soybean prices removes about $25 million in state farm cash receipts, with prices down more than $2 this marketing year. She notes that Market Facilitation Program payments have cushioned losses and that domestic livestock feeding of soymeal and biodiesel demand are gaining importance.
Weak soybean prices reflect continued export disruption, but growing domestic crush and meal feeding demand could support soymeal values for feed buyers.
brownfieldagnews.comTom SteeverJun 7, 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.
