Loading…
A Spanish commodity analyst outlines October raw materials forecasts, noting that harvest volumes for winter cereals, corn and soybeans are confirmed. The wheat-corn price spread is wide and expected to narrow, and US-China trade war flows are affecting nutrient availability.
In Spain, soybean meal is displacing alternative proteins.
Wide wheat-corn spreads and soymeal substitution shape feed formulation choices, and trade-war flows are reshaping competitive protein supply.
ruminews.comÁlvaro Sánchez HerreroOct 1, 2018After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
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.
