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UK grain merchant Bartholomews reports soymeal prices have eased after an early rally, with rapeseed meal following soy lower. It notes a drier Midwest forecast and expectations of a bearish USDA report, and says US farmers may switch from corn to soybeans.
Expected softer soymeal and rapeseed meal prices, along with possible acreage shifts toward soybeans, could lower protein feed costs in Europe and the UK.
bartholomews.co.ukJun 13, 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.
