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ProAg reports on a Express Markets Inc. conference in Dallas where Dr. Scott Carter of ANIZOME described the soybean meal market as in the early stages of major change. He cited growing international animal protein demand for soybean meal and cost as a barrier for U.S. soy.
He said current low volatility and prices offer a window to prepare for changes expected in about three harvest seasons.
The article describes long-term structural factors rather than a new supply or demand shock, so it has little immediate price impact. Buyers may note that cost barriers could limit U.S. soybean meal demand abroad over time.
proag.comFeb 26, 2019Not 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.
